Meanwhile, analysts are upbeat about Bumi Armada’s outlook for the fourth quarter of 2023. This is as its FPSO Kraken would be up and running and most likely achieve a 100% utilisation rate.

KUALA LUMPUR: There could be upsides to Bumi Armada Bhd 's valuations ... of the shutdown in the Armada Kraken floating production storage and offloading (FPSO) vessel on June 2, 2023.