Bumi Armada Berhad announced that, following a prolonged period of top quartile production and operational performance, production from the Armada Kraken FPSO ("Kraken FPSO") was recently shut-in following the failure of critical hydraulic submersible pump (HSP) transformers. The Kraken FPSO is owned by Bumi Armada's wholly owned subsidiary, Armada Kraken Pte Ltd. ("AKPL") and is deployed at the Kraken Field under a bareboat charter contract ("BBC"). AKPL, together with EnQuest (the field operator), planned and executed a restart of the facility but the attempted remediation programme was unsuccessful, and the Kraken FPSO remains shut-in.

AKPL is working with EnQuest to assess alternative technical solutions, with the aim to return to production, on a phased basis, in the coming weeks. In the meantime, key maintenance activities, originally scheduled for execution within two periods of single train operations in the third quarter of the year, are being executed during the period of shut-in. These activities are intended to negate the requirement for any further planned outages in 2023.