Bumi Armada FPSO contract extended

KUALA LUMPUR: Bumi Armada Bhd’s jointly controlled entity, SP Armada Oil Exploration Pt Ltd (SPAOEPL), yesterday announced that India state-owned company Oil and Natural Gas Corporation Ltd (ONGC) has extended a charter hire contract of its floating production, storage and offloading (FPSO) vessel, Armada Sterling II, by another year at a value of US$43 million.