Shapoorji Pallonji, Bumi Armada build FPSO for ONGC

07 Nov 2022 CW Team

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.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..