Posted by nikicheong > 2021-08-19 09:27 | Report Abuse

Should be positive. Expecting around RM150-160m, minimum RM140m and could go as high as RM180m. Excited!

Posted by nikicheong > 2021-08-19 09:39 | Report Abuse

Anything less than RM120m would be a disaster!

Posted by strattegist > 2021-08-19 10:34 | Report Abuse

weak

Posted by strattegist > 2021-08-19 10:34 | Report Abuse

soft

Posted by strattegist > 2021-08-19 10:34 | Report Abuse

lembik

Posted by armadatuah2017 > 2021-08-19 11:26 | Report Abuse

impairment is coming as dew quarters not recorded much from the sc

Posted by armadatuah2017 > 2021-08-19 11:27 | Report Abuse

2022 only Lukoil field ade campaign la.

Posted by sharon8888 > 2021-08-19 11:40 | Report Abuse

volume not going up, seems like moving downward, weary of the QR tomorrow

Posted by nikicheong > 2021-08-19 11:43 | Report Abuse

armadatuah2017 2022 only Lukoil field ade campaign la.

-> Correct, but contract is given out in advance. Announcement might be imminent if the campaign starts in 2022.

Posted by nikicheong > 2021-08-19 11:44 | Report Abuse

armadatuah2017 impairment is coming as dew quarters not recorded much from the sc

SC had already been impaired in Q1 2020, for 2 yrs. Enough for now. Will impair again in Q1 2022 if needed.

Posted by itch > 2021-08-19 13:39 | Report Abuse

Good price to add position now!

Posted by nono_hardi > 2021-08-19 13:48 | Report Abuse

HAHA?

Posted by strattegist > 2021-08-19 14:16 | Report Abuse

merah

Posted by strattegist > 2021-08-19 17:18 | Report Abuse

closed red

Posted by sharon8888 > 2021-08-20 09:21 | Report Abuse

no show today ??

Posted by bullmarket1628 > 2021-08-20 10:06 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-20 10:30 |

Post removed.Why?

Posted by strattegist > 2021-08-20 10:57 | Report Abuse

pegun

Posted by nikicheong > 2021-08-20 12:01 | Report Abuse

Bumi Armada’s derrick pipelay barge Armada KP1 is to begin a pipelay scope that involves 16 km of pipelines in the Kutei Basin on the JSN (Jumelai-Sisi-Nubi) project in the Mahakam Offshore PSC (production sharing contract).

It will be part of the JSN campaign where Meindo Elang Indah will deploy multiple vessels including its derrick pipelay barge Eka Nusantara 3000, Bumi Armada's derrick pipelay barge Armada KP1 and Eka Nusantara Line's AWB (accommodation workbarge) Eka Pasifik 300 for the installation campaign from around 19 March to 15 October.

Meindo Elang Indah is responsible for the EPSCC (engineering, procurement, supply, construction and commissioning) for the JSN project. The contract covers three new steel jacket WHPs (wellhead platforms) that will be installed in separate locations. The platforms denoted as North Sisi (WPS-3) and North Nubi (WPN-4) will be installed on Sisi-Nubi field, while Jumelai 1 (JML-1) will be on Jumelai field.

Eka Nusantara 3000 will do platform installation, while Armada KP1 will undertake the pipelay scope.

https://connect.ihsmarkit.com/upstream-insight/article/phoenix/3918574/armada-kp1-to-begin-pipelay-in-kutei-basin-for-jsn

Posted by nikicheong > 2021-08-20 12:01 | Report Abuse

The Armada Tuah 24 and Armada Tuah 25, both of 5,000 bhp AHTS, have been sold and renamed to Lian He Hai Gong 5002 and Lin He Hai Gong 5001 respectively, in China.

Both of the 60-tonne bollard pull vessels have been sold by Bumi Armada to Fujian United Ocean Engineering in early July 2021. The vessels have been inshore China since late March, after completing their voyage from Malaysia.

The sale of these two AHTS vessels is part of Bumi Armada’s divestment plans which started in early 2021 with the sale of 11 offshore support vessels.

https://connect.ihsmarkit.com/upstream-insight/article/phoenix/4028886/bumi-armadas-two-ahts-vessels-sold-and-renamed

Posted by nikicheong > 2021-08-20 12:10 | Report Abuse

Construction of Shapoorji Pallonji Bumi Armada Godavari Private Limited's (SPBAG) FPSO Armada Sterling V is progressing well with the submerged turret production system (STP) being fitted in late June.

The STP system was fabricated by National Oilwell Varco at their NOV Profab Facility in Batam, Indonesia. Asian Lift's derrick vessel Asian Hercules II lifted the system for transportation on a barge in Batam. The vessel was utilised during the fitting of the STP system onto FPSO Armada Sterling V using its 3,200 MT crane at Sembcorp Marine's yard in Singapore.

Delivery of the FPSO is expected to be delayed from the planned date of late 2021 due to initial construction work affected by coronavirus disease 2019 (COVID-19) restrictions in several countries manufacturing components for the FPSO. The FPSO Armada Sterling V will be deployed for ONGC's KG-DWN-98/2 Cluster II project on a nine-year charter with the option to extend the duration for another seven years on a yearly basis.

https://connect.ihsmarkit.com/upstream-insight/article/phoenix/4071003/fpso-armada-sterling-v-progress-update

Posted by nikicheong > 2021-08-20 12:11 | Report Abuse

Wasco has completed the construction and load-out of the ABB E-house module for ONGC's KG-DWN-98/2 Cluster II floating production, storage and offloading (FPSO) vessel.

The E-house module is a modular outdoor enclosure designed to house a range of electrical, automation and telecom equipment and ancillaries. The module was fabricated at Wasco's yard in Batam, Indonesia. Sembcorp Marine is working on the conversion of very large crude carrier Ariake into a FPSO for the Cluster II project. Conversion work is underway at Sembcorp Marine's Tuas Boulevard yard in Singapore. ONGC is targeting the project to go on stream by mid-2022.

https://connect.ihsmarkit.com/upstream-insight/article/phoenix/4061787/wasco-completes-e-house-module-for-ongc-fpso

Posted by nikicheong > 2021-08-20 12:13 | Report Abuse

The project progress has been impacted due to late receipt of Rely Upon Information from ONGC and Covid-19. As per Lender’s Technical Advisor (LTA) Crondall Energy Consultants’ report, the project has achieved an overall progress of 53.66% as against originally planned progress of 53.29% till Dec 2020. As per LTA, Baseline 2 schedule was updated (on 26th November 2020)
and incorporates the impact of COVID-19, delayed Rely upon Information (RUI) and Company Provided Equipment (CPE).

Company had requested ONGC a waiver of Liquidated Damages for 6 months delay attributable to Baseline 2 schedule, and had submitted an Extension of Time Change Order. ONGC has granted extension till 3rd May, 2022 and waived off the liquidated damages for 6 months delay. However, any significant execution delays or damages imposed (if any) shall have impact on revenue visibility and therefore constitute a key rating sensitivity.

https://www.careratings.com/upload/CompanyFiles/PR/14042021062522_Shapoorji_Pallonji_Bumi_Armada_Godavari_Private_Limited.pdf

Posted by strattegist > 2021-08-20 13:22 | Report Abuse

pegun

Posted by nikicheong > 2021-08-20 18:04 | Report Abuse

The calm before the stormmmm

Posted by strattegist > 2021-08-20 19:15 | Report Abuse

flat

Posted by yuhang99 > 2021-08-20 20:21 | Report Abuse

https://www.youtube.com/watch?v=xwIvXX84SSw

Posted by Macgyver11 > 2021-08-20 20:51 | Report Abuse

All eagerly waiting...

Qtr???

Posted by MM78 > 2021-08-21 10:48 | Report Abuse

Thanks to Nikicheong for the sharing of so much information

Posted by strattegist > 2021-08-23 09:30 | Report Abuse

pegun

Posted by zonefinder > 2021-08-23 09:57 | Report Abuse

Thanks Niki for the update.

Posted by strattegist > 2021-08-23 12:17 | Report Abuse

stagnant

Posted by strattegist > 2021-08-23 12:57 | Report Abuse

merah

Posted by nikicheong > 2021-08-23 17:13 | Report Abuse

I'm quite excited for the coming report! :)

Posted by strattegist > 2021-08-23 17:22 | Report Abuse

flat

Posted by vespa > 2021-08-24 04:18 | Report Abuse

Thanks Niki

Posted by strattegist > 2021-08-24 09:26 | Report Abuse

steady

Posted by bullmarket1628 > 2021-08-24 09:49 |

Post removed.Why?

Posted by strattegist > 2021-08-24 13:00 |

Post removed.Why?

Posted by Devilsin > 2021-08-24 13:46 | Report Abuse

Boring counter… Brent oil spike up but Armada move like a tortoise

Posted by bullmarket1628 > 2021-08-24 16:35 |

Post removed.Why?

Posted by strattegist > 2021-08-24 16:41 | Report Abuse

good

Posted by strattegist > 2021-08-24 18:20 | Report Abuse

closed green

Posted by bullmarket1628 > 2021-08-25 06:17 |

Post removed.Why?

Posted by serpent100 > 2021-08-25 07:34 | Report Abuse

I m still waiting below 39cents to all in... Hopefully today can successful

Posted by Bgt 9963 > 2021-08-25 08:41 |

Post removed.Why?

Posted by bullmarket1628 > 2021-08-25 09:19 |

Post removed.Why?

Posted by RedBerry > 2021-08-25 11:28 | Report Abuse

Quarter result to be announced this week :)

Posted by strattegist > 2021-08-25 14:36 | Report Abuse

green

Posted by strattegist > 2021-08-25 14:36 | Report Abuse

steady