Malaysian floater specialist Bumi Armada has confirmed it has sold via its subsidiary Armada Balnaves the Armada Claire floating production, storage and offloading vessel for $20 million.

Upstream reported last month a sale agreement had been reached — but not yet completed — with a European shipowner that has designs on redeploying, or reselling, the FPSO to another party.

“The Armada Claire sale was on an “as is where is” basis, at a sale price of $20 million,” Bumi Armada said today.