Shapoorji Pallonji and Company Pvt. Ltd, in partnership with Bumi Armada Berhad, an international offshore oil and gas service provider, through its entity jointly controlled with SP — SP Armada Oil Exploration Pvt. Ltd — has announced the successful installation and commissioning of its second FPSO (floating production, storage and offloading vessel), the Armada Sterling II, a company release said.
The FPSO was inaugurated by India’s Minister of State for Petroleum and Natural Gas (Independent Charge) Dharmendra Pradhan and will be under ONGC time-charter at the Cluster-7 (C-7) field located about 210 km off the western coast of Mumbai.
An FPSO unit is a floating vessel that receives crude oil from subsea, processes it, and stores it until processed crude oil can be offloaded onto a tanker for transportation onshore.
SPCPL had earlier also partnered with Malaysia’s Bumi Armada to construct its first FPSO for time-charter to ONGC that was deployed in ONGC’s D1 field in 2012. Now, the second FPSO Armada Sterling II which was delivered and made operational in February 2015 is capable of compressing 1.8 mmscmd along with 26,500 barrels of crude oil and 25,000 bbls of injection water per day for ONGC. The FPSO has a storage capacity of 540,000 barrels of oil as well as accommodation for a crew of 70 personnel.
Shapoor Mistry, Chairman, Shapoorji Pallonji and Company Pvt. Ltd, stated, “This demonstrates SP Group’s established standing in the oil and gas industry and also the confidence placed by ONGC in our capabilities of successfully delivering FPSOs in record time, once again. Delivery of the second FPSO project is a major step towards ensuring self-sufficiency in the strategically critical area of oil and gas production for our country.”
He added, “Interestingly, after delivering the first FPSO in 2012, it took us a record time of 24 months to deliver and install Armada Sterling II after we received the award notification from ONGC. The successful completion of this FPSO is a result of SP Group’s strategic efforts in conjunction with our partners and the valuable knowledge of India and ONGC.”