zoom Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced that Afren Energy Resources Limited has extended its contracts with Armada Floating Solutions Limited and Bumi Armada (Singapore) Pte Ltd for the bareboat charter and the operations & maintenance respectively of the FPSO Armada Perkasa for another two years, with effect from 1 July 2014.The contracts extension for the Armada Perkasa, which has been operating offshore Nigeria in the Okoro-Setu field, is estimated at approximately RM 221 million in total.Mr Hassan Basma, Executive Director/Chief Executive Officer of Bumi Armada said, “Our Armada Perkasa, has been operating for Afren since 2008 with more than 98% uptime. These two-year contract extensions by Afren are for the second and third optional extension years and underscore the quality of the asset and the operations and maintenance services provided by BAB Group.”The Armada Perkasa, which is 211.2 m long and weighs 58,557 deadweight tonnes, has a production capacity of 27,000 bbls/day of liquids and storage capacity for 360,000 barrels. To date, the FPSO has lifted over 32 million barrels of oil.The original contracts were first awarded in 2007, to take effect from 1 July 2008, for a fixed term of five years with five one-year extension options thereafter. The initial optional extension contract was extended in October 2012, for a one year period with effect from 1 July 2013.The contracts extensions are expected to contribute positively to Bumi Armada’s revenue and earnings from 2014 through to 2016.Bumi Armada, December 16, 2013
New Delhi: The Ministry of Railways dismissed reports of the discontinuation of Garib Rath, touted to be the poor man’s AC train. “It is clarified that there is no proposal to discontinue Garib Rath Services on Indian Railways,” the ministry mentioned in an official statement.Reportedly, the train service initiated by the former rail minister Lalu Prasad Yadav, will either be completely phased out or be converted into mail or express trains. But the ministry claimed, “Owing to a temporary shortage of coaches on Northern Railway, two pairs of weekly trains of Garib Rath services namely, Train No. 12207/08 between Kathgodam and Jammu Tawi and Train No. 12209/10 between Kanpur and Kathgodam were temporarily operated as Express train services by Northern Railway.” Also Read – Encounter under way in Pulwama, militant killedReportedly, the rail ministry asked to stop making of new coaches for the trains. But it is also being clarified that the rail services in both the sectors will be restored from August, 4. By the Garib Rath rail service, passengers can travel in the AC coaches at a lower fare, cheaper than the normal AC-3 tier fares. Therefore, these are very popular services. Currently, there are 26 pairs of Garib Rath services operating on Indian Railways.