Shapoorji Pallonji builds floating rig for ONGC’s KG wells

Shapoorji Pallonji Oil & Gas Private Limited has built a unit for the Oil and Natural Gas Corporation (ONGC) to be deployed in the KG (KG) basins. The floating production storage and offloading (FPSO) unit 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, Shapoorji Pallonji Oil & Gas. This is Shapoorji Pallonji’s fourth FPSO and its third unit for domestic waters. The vessel will be reaching the domestic wa­ters around December 2022. Armada Sterling V will be deployed in Cluster 2 of ONGC’s KG98/2 block off the Vizag coast, making it the natio­nal oil major’s first deep-water development where the oil and gas major is investing over $5 billion, which includes an FPSO, a process platform and other facilities. 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.