Bumi Armada is contesting the termination of its contract with Woodside Energy Julimar.
KUALA LUMPUR: Bumi Armada Bhd
and India's Shapoorji Pallonji and Co. Pte Ltd (SPCL) are combining their resources to bid for contracts in the floating production, storage and off-loading (FPSO) vessel business.
Bumi Armada said on Friday the company and SPCL's unit, Shapoorji Pallonji Oil and Gas Pte Ltd, would set up a joint venture to be known as Shapoorji Pallonji Bumi Armada Godavari Pte Ltd in India.
It said the setting up of the JV involved the interests of a director of Bumi Armada, Shapoorji Pallonji Mistry, which would design, fabrication, installation, charter, deployment, and operations and maintenance of a FPSO facility.
The JV would be the entity used by the parties to bid for the projects.
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