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Bumi Armada got USD200 mln contract from Russia's Lukoil

April 18/2012

(4-traders) -- Malaysian oil and gas services provider Bumi Armada Bhd. (5210.KU) said Monday that its unit Bumi Armada Caspian has won a USD200 million engineering, procurement and commissioning contract from Russia's Lukoil for Filanovsky field development in the Caspian Sea.

The project is expected to run for 32 months and includes engineering of line pipes and installation of nine infield lines, Bumi Armada said in a statement.

The company said its order backlog has reached MYR1.8 billion in value.
Author:Marina Ivanova
Category:General News
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