How it started
History
Bumi Armada was incorporated in 1995 and first went public in 1997. It became the first Malaysian company to own and operate a floating production storage and offloading (FPSO) vessel with the commissioning of Armada Perkasa in 1997. Armada Perkasa was originally a 1975 Panamax-sized tanker with a storage capacity of 360,000 barrels of crude oil which was converted to service the Bunga Kekwa field.
It subsequently acquired five more FPSOs—Armada Perdana (2009) (ex Biruința oil tanker), Armada TGT1 (2011), Armada Sterling (2012), Armada Claire (2014), and Armada Sterling II (2014).
It was acquired by Ananda Krishnan in 2002 and taken private the following year. In 2011, the company was re-listed in Malaysia's biggest initial public offering of that year, raising RM2.66 billion (US$889 million).
From Wikipedia’s article on Bumi Armada, shared under CC BY-SA 4.0.2