According to AllianceDBS Research, Bumi Armada has reasonable grounds to appeal against the decision of the Australian Supreme Court, which had ruled in favour of WEJ over a contract to provide floating production storage and offloading services on Sept 30,2011.
PETALING JAYA: The loss of its claims against Australia’s oil firm Woodside Energy Julimar Pty Ltd (WEJ) will unlikely have a material impact on the financial position of Bumi Armada Bhd
.
According to AllianceDBS Research, Bumi Armada has reasonable grounds to appeal against the decision of the Australian Supreme Court, which had ruled in favour of WEJ over a contract to provide floating production storage and offloading services on Sept 30,2011.
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