Bumi Armada Wins Contracts to Supply 3 Ice-Class Vessels to Lukoil

Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced that LUKOIL-Nizhnevolzhskneft Limited Liability Company (OOO “LUKOIL-Nizhnevolzhskneft”) has awarded the company contracts to provide three Ice-Class vessels to service offshore platforms in the Filanovsky field, in the Caspian Sea, Russia.

Each of the Ice-Class contracts is for a period of 10 years, with the possibility of further extensions of up to another 20 years. The Ice-Class contracts have an estimated aggregate contract value of USD262 million (RM844 million) for the fixed 10 years of charter with extensions of up to 20 years at an estimated aggregate value of USD483 million (RM1.56 billion) if the extension options are fully exercised.

An interim contract of approximately USD18 million (RM59 million) was also signed for the provision of two support vessels and one rescue vessel to be delivered in November 2014 for deployment pending delivery of the purpose built Ice-Class vessels.

Commenting on the contracts, Executive Director/Chief Executive Officer, Mr Hassan Basma said, “These contracts further reinforce the consolidation of our business in the Caspian region and strengthens our market position. This is the first time we will be building Ice-Class vessels to complement our OSV fleet of some 50 vessels.”

The three vessels comprising two new built Ice-Class support vessels and a new built Ice-Class multipurpose duty-rescue vessel will commence work in November 2015 to provide all year round services such as delivery of cargo and personnel, salvage, search and rescue functions, fire-fighting operations, towing and tanker mooring operations.

The two 5,280 brake horsepower (bhp) support vessels will be 80 metres (m) in length, 16.5 m wide with a draft of 3.8 m, Diesel Direct Drive, Ice-Class, Volga Don Canal compliant, FiFi1 and with DP2 capability. They will each be able to accommodate 24 persons on board.

The multipurpose duty-rescue vessel will have about 6,000 bhp, 80 m in length, 16.5 m wide with a draft of 4.2 m, Diesel Direct Drive, Ice-Class, Volga Don Canal compliant, FiFi1, and DP2 capability. This vessel will also have oil spill collection and storage facility, cabins for 24 persons along with temporary accommodation for 125 rescued persons.

For more information about related Opportunities and Key Players visit Caspian Region Projects