Bumi Armada's FPSO issued final acceptance cert

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KUALA LUMPUR (Sept 7): Bumi Armada Bhd's Armada Kraken floating production storage and offloading (FPSO) vessel for the Kraken field in UK's North Sea has been issued with the final acceptance certificate.

The final acceptance was completed in accordance with the requirements set out in the bareboat charter contract dated Dec 20, 2013, the group said in a stock exchange filing.

Chief executive officer Leon Harland said the final acceptance is the milestone that the offshore and onshore teams have been working hard for.

"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," he added.

Harland thanked Bumi Armada's clients, charterers EnQuest ENS Ltd and Nautical Petroleum Ltd, for their support.

Trading of Bumi Armada shares were suspended between 3.02pm and 4.02pm due to the announcement.

The shares were last traded 1.8% up at 56.5 sen, for a market capitalisation of RM3.29 billion.