The Malaysian FPSO specialist said Basma’s resignation was due to family reasons. He will relinquish the post on 1 January 2015.

Bumi Armada said Basma will “continue to be engaged as a consultant to the company, where required and appropriate, on specific projects.”

The company said it has initiated steps to search for a new CEO, with in-depth relevant experience in the offshore and marine services industry.

Until