Bumi Armada Berhad’s (“Bumi Armada” or “The Group”) wholly owned subsidiary Bumi Armada Caspian LLC (“BAC”) has signed a supplementary agreement with LUKOIL-Nizhnevolzhskneft LLC (“LUKOIL”) (“Supplementary Agreement”) for additional Engineering, Procurement, Construction and Installation (“EPCI”) scope. The additional scope will involve Bumi Armada’s Subsea Construction assets to lay subsea pipelines and undertake post trenching and back-filling works on sections of the Filanovsky field in the Russian sector of the Caspian Sea. The works are expected to be completed in the second half of 2018 and the total contract value is USD134 million (approximately RM576 million).

Commenting on the supplemental agreement with LUKOIL, Mr. Leon Harland, Executive Director and Chief Executive Officer of Bumi Armada said “Bumi Armada has been working with LUKOIL in the Caspian since 2012 and this Supplemental Agreement highlights the continuing strong working relationship with our client, and our proven track-record to deliver high quality Subsea Construction services in the Caspian Sea.

The work involved in this additional contract with LUKOIL relates to the installation of approximately 20 km of pipelines in the Filanovsky field in the Russian sector of the Caspian Sea and where our team will use both the Armada Installer and Armada Constructor vessels. The project preparation activities have been started and completion of the scope is expected before the end of 2018.”


About Bumi Armada

Bumi Armada Berhad is a Malaysia-based international offshore energy facilities and services provider with a presence in over 17 countries spread across five continents, underpinned by its access to over 2,000 people from over 35 nationalities.

Bumi Armada provides offshore services via two business units- Floating Production and Operation (“FPO”) of oil and gas solutions and Offshore Marine Services (“OMS”).

Bumi Armada is the fifth largest FPSO player in the world and an established OSV owner and operator, with extensive experience across Asia, Africa and Latin America.

About LUKOIL

PJSC “LUKOIL” is one of the largest publicly traded, vertically integrated oil and gas companies in the world in terms of proved hydrocarbon reserves and production; and the second largest producer of crude oil in Russia. Established in 1991, the Company currently operates in more than 30 countries with core upstream assets located in Russia. The full production cycle includes oil and gas exploration, production and refining; production of petrochemicals and lubricants; power generation; marketing and distribution providing LUKOIL with maximum synergies from its activities. The Company’s shares are listed in Russia on Moscow Exchange under the ticker “LKOH” and depositary receipts are listed on the London Stock Exchange under the ticker “LKOD”.