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Oil & Gas

Bumi Armada wins $300million contract

Bumi Armada Bhd has won contracts worth $300million to provide a floating storage unit to ElectroGas Malta. The deal will last for 18 years and 2 months from 2016.
By Energy reporter
14/04/2015, 1:27 pm Updated: 22/04/2015, 8:51 am
Exploration offshore Malta is one of key focuses for 2014 for Mediterranean Oil and Gas
ElectroGas Malta has struck a new deal

Bumi Armada Bhd has won contracts worth $300million to provide a floating storage unit to ElectroGas Malta.

The deal will last for 18 years and 2 months from 2016.

Buni Armada revealed the news in an announcement to the stock exchange.

ElectroGas Malta is the national electricity company of the country and is majority owned by its government.

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