Shapoorji Pallonji Oil & Gas Pvt. Ltd. (SP O&G) stated its Floating Production Storage and Offloading Unit (FPSO) Armada Sterling V has achieved sail-away readiness at Sembcorp Shipyard in Singapore.
The FPSO is owned by SP O&G’s 70:30 three way partnership with Malaysia’s Bumi Armada group. This is Shapoorji Pallonji’s fourth FPSO and its third FPSO for Indian waters.
FPSO Armada Sterling V might be deployed in Cluster 2 of ONGC’s KG 98/2 block within the east coast of India, which is ONGC’s first deep-water improvement. The FPSO options 13 modules and central piperacks, weighing over 20,000 tonnes, with a processing capability of 60,000 of barrels per day of liquids and three million normal cubic metres per day of gasoline.
It would be the largest ‘floater’ in Indian waters, measuring 321 metres in size and 60 metres in width, with a storage capability of over 8 lakh barrels, the corporate stated.
Armada Sterling V is designed for steady operations as much as most wave heights of over 27 metres.
Ravi Shankar, CEO & Director, SP O&G, stated, “In the next decade, the world will need an additional 40 FPSOs, at least 20 Floating Storage and Regasification Units (FSRUs), and 10 Floating Liquified Natural Gas units (FLNGs).”
“We are well-positioned to deliver large projects efficiently with in-house engineering, project management teams and operations and maintenance capabilities,” he added.
Source: www.thehindu.com