Bumi Armada has secured a new six-year extension for an FPSO vessel deployed in Vietnam in a contract worth $285m.
The Malaysian floater specialist said the FPSO Armada TGT 1 will now remain on the Te Giac Triang (TGT) field until November 2024.
The FPSO’s charter to Vietnam-based Hoang Long Joint Operating Company (HLJOC) was scheduled to expire later this month.
