The Board of Directors of Bumi Armada Berhad announced that it has, together with Shapoorji Pallonji Oil and Gas Private Limited established a joint venture company known as Shapoorji Pallonji Bumi Armada Godavari Private Limited (SPBAG), on 19 July 2016 in India. The JV arrangement is for the purpose of combining the capabilities and expertise of Bumi Armada and SPOG in the bidding and if successful, the contracting of the design, fabrication, installation, charter, deployment, and operations and maintenance of a floating production, storage and off-loading vessel (FPSO) facility.