Name of FPSO Location Ownership Operation Start Date Original Tenure Amended Tenure Start Date Updated Tenure Operation End Date Future Prospects / Remarks Armada TGT Vietnam 100% August 2011 7y (F) + 7y (O) August 2018 6.25y (F) November 2024 2-year Full Field Development Plan extension granted by Vietnam authorities, from December 2024 to December 2026. Further 3-year extension is seeked. Infield drilling has commenced in July 2021. Verdict: Strong chance FPSO extended beyond 2024, to either 2026 or 2029. Armada Sterling 1 India 50% April 2013 7y (F) + 6y (O) September 2020 10y (F) + 5y (O) September 2030 (F) / September 2035 (O) Contract was recently extended for 10+5 years, offering between four to nine years additional visibility over the original optional extension in the contract. Debt almost fully paid off, depreciation to complete around 2026. Assume no further extension beyond 10y firm contract. Armada Sterling 2 India 50% February 2015 9y (F) + 7y (O) - - February 2024 (F) / February 2031 (O) No information. Assume status quo. (Note: ONGC documents as at 2013 state that the field life was expected at 16 years) Armada Sterling 3 Indonesia 50% September 2017 10y (F) + 5y (O) - - September 2027 (F) / September 2032 (O) No information. Assume status quo. Armada Kraken UK 100% June 2017 8y (F) + 17y (O) - - June 2025 (F) / June 2042 (O) Bressey and Bentley discoveries offer potential tieback opportunties to the Armada Kraken FPSO, thereby extending the production plateau of the field. Enquest originally stated that the Kraken field was expected to have a life of over 20 years. Verdict: Strong chance FPSO charter extended beyond original 8 years firm period. Armada Olombendo Angola 100% February 2017 12y (F) + 8y (O) - - February 2029 (F) / February 2037 (O) Cuica discovery (est. 200 to 250mil barrels) has come online in August 2021. Agidigbo discovery in 2019 (est. 300 to 400mil barrels) yet to be tapped. These will likely extend the production plateau of the East Hub in Block 15/06. Eni document from 2013 says that the East Hub field was expected to be in production for around 15 years. Verdict: Good chance FPSO charter extended beyond original 12 years firm period. Armada Sterling V India 30% Est Q2 2022 9y (F) + 7y (O) - - TBC Production yet to start. Armada LNG Mediterrana Malta 100% January 2017 18.16y (F) - - March 2035 No information. Assume status quo. Armada Mumbai FSRU India 50% Est Q1 2023 30y (F) - - TBC Production yet to start.