OTHERS Bumi Armada Berhad - Construction of a FPSO known as Armada Sterling V ("ASV FPSO") for the NELP Block KG-DWN 98/2 Development Project Cluster-II field located on the east coast of Kakinada, offshore India ("Project") for Oil and Natural Gas Corporation of India ("ONGC")
| BUMI ARMADA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | Bumi Armada Berhad
- Construction of a FPSO known as Armada Sterling V ("ASV FPSO") for the NELP Block KG-DWN 98/2 Development Project Cluster-II field located on the east coast of Kakinada, offshore India ("Project") for Oil and Natural Gas Corporation of India ("ONGC") |
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Bumi Armada Berhad ("BAB") refers to the disclosure in its quarterly announcement for the quarter ended 30 June 2023 regarding its 30% associated company, Armada 98/2 Pte Ltd ("A98/2"), and wishes to announce that A98/2 has successfully achieved financial close under its long term project financing facility of USD948 million ("Project Facility").
The disbursement proceeds from the Project Facility have been utilised by A98/2 to fully repay its USD930 million bridge loan facility.
As at the date of this announcement, the ASV FPSO is awaiting hydrocarbons from ONGC to conduct the necessary acceptance tests to achieve final acceptance.
The announcement is dated 12 September 2023. |
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Announcement Info
| Company Name | BUMI ARMADA BERHAD |
| Stock Name | ARMADA |
| Date Announced | 12 Sep 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11092023-00026 |