The Malaysian company was named as lease contractor for the project in August under a letter of intent (LOI) from Husky-CNOOC Madura Ltd (HCML).

The LOI was originally signed on 8 August and gave both parties some 45 days to finalise a contract agreement.

Bumi Armada says the two parties have now mutually agreed to extend the period for the execution of the contract until 31 October.

However,