The contract is for a firm charter period of ten years with options of five annual extensions and has an aggregate vale of about $1.2bn.

It will be deployed on the Madura BD Field, about 65 km east of Surabaya and about 16km south of Madura Island, offshore Indonesia.

Bumi Armada said the FPSO is expected to commence operations in the Madura BD Field in the fourth quarter of 2016.

The