- Bumi Armada and MISC ended merger talks after their MoU expired on August 14, 2025.
- The merger was initially intended to build a stronger floating production business through an all-share transaction.
- Bumi Armada will continue focusing on strategic growth, backed by a stable financial position.
- In May 2025, the company signed an O&M deal with ONGC for an FPSO off India’s coast.
Bumi Armada and MISC had been exploring a potential merger under a memorandum of understanding (MoU) signed in 2024, aimed at creating a larger floating production business. The MoU, structured as an all-share transaction, was valid for nine months or until a definitive agreement was reached. However, the two companies have now mutually agreed not to move forward, leading to the MoU’s expiry on August 14, 2025, according to Offshore Energy.
Despite the decision to end merger talks, Bumi Armada has emphasized its commitment to pursuing strategic growth opportunities, supported by a solid financial foundation. Earlier this year, the company strengthened its operational footprint by securing an agreement with ONGC in May 2025 for the operation and maintenance of a floating production storage and offloading (FPSO) vessel located off the coast of India.
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Source: Offshore Energy
