+
Shapoorji Pallonji, Bumi Armada build FPSO for ONGC
OIL & GAS

Shapoorji Pallonji, Bumi Armada build FPSO for ONGC

Shapoorji Pallonji Oil & Gas, the only Indian specialist in building floating production storage and offloading units (FPSO) in the hydrocarbon industry, has built a unit for the Oil & Natural Gas Corp (ONGC) to be deployed in the Krishna-Godavari (KG) Basin.

Named Armada Sterling V, the FPSO was built at the Sembcorp Shipyard in Singapore in association with Malaysia's Bumi Armada group. The company has a 70:30 joint venture with the Malaysian group.

This is Shapoorji Pallonji's fourth FPSO and its third unit for domestic waters, a company statement said. The vessel will be reaching domestic waters some time before December-end.

Armada Sterling V will be deployed in Cluster 2 of ONGC's KG98/2 Block off the Vizag coast, making it the state-owned explorer’s first deep-water development where it is investing over $5 billion, which includes an FPSO, a process platform and other facilities.

Production at Cluster 2 is expected to peak at around 16.5 million standard cubic metres of gas per day and 78,000 barrels of crude oil per day, which if achieved can reduce the country's annual crude oil import bill by $4.5 billion, the statement added. Armada Sterling V is designed for continuous operations up to wave heights of over 27 metres and has been engineered and delivered by a team of Indian engineers and project personnel. The vessel has a design life of 20 years without the need for dry docking, the company added.

See also:
Reliance’s MJ gas condensate field to begin output this year
OIL keen on petroleum mining lease in Jaisalmer, Bikaner


Shapoorji Pallonji Oil & Gas, the only Indian specialist in building floating production storage and offloading units (FPSO) in the hydrocarbon industry, has built a unit for the Oil & Natural Gas Corp (ONGC) to be deployed in the Krishna-Godavari (KG) Basin. Named Armada Sterling V, the FPSO was built at the Sembcorp Shipyard in Singapore in association with Malaysia's Bumi Armada group. The company has a 70:30 joint venture with the Malaysian group. This is Shapoorji Pallonji's fourth FPSO and its third unit for domestic waters, a company statement said. The vessel will be reaching domestic waters some time before December-end. Armada Sterling V will be deployed in Cluster 2 of ONGC's KG98/2 Block off the Vizag coast, making it the state-owned explorer’s first deep-water development where it is investing over $5 billion, which includes an FPSO, a process platform and other facilities. Production at Cluster 2 is expected to peak at around 16.5 million standard cubic metres of gas per day and 78,000 barrels of crude oil per day, which if achieved can reduce the country's annual crude oil import bill by $4.5 billion, the statement added. Armada Sterling V is designed for continuous operations up to wave heights of over 27 metres and has been engineered and delivered by a team of Indian engineers and project personnel. The vessel has a design life of 20 years without the need for dry docking, the company added. See also: Reliance’s MJ gas condensate field to begin output this yearOIL keen on petroleum mining lease in Jaisalmer, Bikaner

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code