BUMI ARMADA: ACCEPTANCE OF ARMADA KRAKEN FPSO ACHIEVED

September 10, 2018

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad announced that its Armada Kraken Floating Production Storage and Offloading (FPSO) vessel has been issued with the final acceptance certificate. Final Acceptance was completed in accordance with the requirements set out in the bareboat charter contract dated 20 December 2013. Commenting on the Final Acceptance of the Armada Kraken FPSO, Mr. Leon Harland, Executive Director and Chief Executive Officer of Bumi Armada said, “Final Acceptance is the milestone that the offshore and onshore teams have all been working hard for and they have done so with a major focus on safeguarding our people and the environment, as well as ensuring maximum production and uptime for this complex heavy oil project. We can gladly state that the Final Acceptance has now been achieved in accordance with the Bareboat Charter, and we did so without any major safety incident. I would like to thank everyone who has contributed to the Armada Kraken FPSO project. It has been a united effort and where many of our people, including those in support roles, have persevered to complete the Final Acceptance of the unit. A special note of thanks to our projects and operations teams that have been working offshore in a difficult operational environment whilst maintaining a consistent high focus on the safety of activities. Finally, I would like to thank our clients, EnQuest and Cairn for their support. I would also like to add that Final Acceptance is merely a milestone and that we continue to be fully committed to improving and delivering the high safety and reliable performance that Bumi Armada is known for on its fleet operations”
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.
Kraken is one of the biggest subsea heavy-oil field projects in the UK sector of the North Sea. The field lies at a water depth of 120m in blocks 9/2b and 9/2c within the P1575 licence in the East Shetland basin, which is located 125km away from Noss. EnQuest Heather is the operator and owns a 60% interest in the asset. The remaining stake is co-owned by Cairn Energy (25%) and First Oil (15%).
The Kraken field is estimated to hold reserves of 137 million barrels of heavy oil, with an anticipated field life of 25 years. At its peak, it is expected to produce more than 50,000 barrels per day (bpd).