Bumi Armada
 |
|
| Public | |
| Traded as | MYX: |
| Industry | Oilfield services |
| Founded | 1995 |
| Headquarters |
Menara Perak 24 Jalan Perak, Kuala Lumpur, Malaysia |
|
Key people
|
|
| Services | |
| Revenue |  RM2,179 million (2015) |
| RM-100 million (2015) |
|
| RM-241 million (2015) |
|
| Total assets |  RM18,072 million (2015) |
| Total equity | RM7,295 million (2015) |
| Parent | Usaha Tegas Sdn Bhd (34.9%) |
| Website | www |
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, Central Africa, South America, Australia and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels.
Bumi Armada's operations are divided into four segments: FPSO, Floating Gas Solutions, Offshore Support Vessels, and Transportation & Installation.
The company was founded in 1995 and it is part of Ananda Krishnan's Usaha Tegas group. It shares are listed on the Main Market of Bursa Malaysia Securities Berhad.
Bumi Armada was incorporated in 1995 and first went public in 1997. It became the first Malaysian company to own and operate a floating production storage and offloading (FPSO) vessel with the commissioning of Armada Perkasa in 1997. Armada Perkasa was originally a 1975 Panamax-sized tanker with a storage capacity of 360,000 barrels of crude oil which was converted to service the Bunga Kekwa field.
It subsequently acquired five more FPSOs—Armada Perdana (2009), Armada TGT1 (2011), Armada Sterling (2012), Armada Claire (2014), and Armada Sterling II (2014).
It was acquired by Ananda Krishnan in 2002 and taken private the following year. In 2011, the company was re-listed in Malaysia's biggest initial public offering of that year, raising RM2.66 billion (US$889 million).
Bumi Armada operates six FPSOs while four are in the process of being commissioned as of August 2015.
...
Wikipedia