Malaysia-based offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announce  its newbuild programme, ’Steel on Water 2’

Bumi Armada Berhad has issued a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units.

This newbuild programme follows fast on the heels of the company’s ‘Steel on Water 1 Programme’ of 20 newbuilds which were all successfully delivered by 2010.

The LOI was issued by Bumi Armada Bhd, to Nam Cheong Dockyard Sdn Bhd for the construction of the first four diesel-electric propulsion system, DP2″ MPSVs.

The four MPSVs will cost approximately USD 130 million (excluding owner furnished equipment) and are expected to be delivered in the second quarter of 2014.