Shapoorji Pallonji Oil & Gas Pvt Ltd (SP O&G), Floating Production Storage and Offloading Units (FPSOs) specialist, said that it has achieved a significant milestone of ‘hook-up’ for its FPSO Armada Sterling V at KG 98/2 block, offshore Kakinada.
FPSO Armada Sterling V reached Cluster 2 of ONGC’s KG 98/2 block on the east coast of India on 15th December 2022, having left from Sembcorp Marine shipyard, Singapore.
The FPSO has a processing capacity of about 60,000 bpd of liquid and 3 MMSCMD of gas. She is owned by SP O&G’s 70:30 joint venture with Malaysia’s Bumi Armada group. This is Shapoorji Pallonji’s fourth FPSO, and its 3rd FPSO for Indian waters.
With the successful conclusion of this hook-up activity, SP O&G has achieved a critical milestone and is now ready to commence commissioning of the FPSO. ONGC is expediting its sub-sea activities and is expected to provide hydrocarbons soon, enabling the FPSO to achieve ‘1st oil’ and commence production for the nation.
The FPSO’s commissioning readiness has come at a critical point for the nation, when it is witnessing skyrocketing oil & gas prices. The FPSO’s early commissioning will assist India in reducing its energy bill at a time when this is most in need. The project has the potential of reducing India’s annual import bill by USD 4.5 billion and will be a crucial step forward in securing the country’s energy security.
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