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Bumi Armada wins $2.1bn India FPSO contract

The nine-year contract also comes with an option to extend for another seven years, which could add another $655m to the contract value. The contract from Indian state-owned oil company Oil and Natural Gas Corp is for the chartering and operation of an FPSO in the ONGC NELP Block DWN 98/2 Development Cluster-II field, located off the west coast of Kakinada

No details were released on the expected capital expenditure for the project or the expected start-up date for operations

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