Bumi Armada has clinched an FPSO charter contract worth $2.1bn from India’s state-owned Oil and Natural Gas Corp (ONGC).
The potential 16-year deal has been secured by joint-venture company Shapoorji Pallonji Bumi Armada Godavari Private Limited (SPBAG).
SPBAG is a 30:70 joint venture between Bumi Armada and India’s Shapoorji Pallonji Oil & Gas Private Limited (SPOGPL).
