Shapoorji Pallonji Oil & Gas (SP O&G), announced it has achieved a milestone of “hook-up” for its Floating Production Storage and Offloading Unit (FPSO) Armada Sterling V at KG 98/2 block, offshore Kakinada.
The FPSO Armada Sterling V reached Cluster 2 of ONGC’s KG 98/2 block on the east coast of India on 15 December 2022, having left from Sembcorp Marine shipyard, Singapore.
"On 28th December 2022, India’s largest FPSO was safely hooked up. She is now prepared to receive hydrocarbons from the field for processing. Despite challenges due to inclement weather, hook-up was achieved in one of the fastest lead times," the company said in a statement.
The FPSO has a processing capacity of 60,000 bpd of liquid and 3 MMSCMD of gas and 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 third FPSO for the Indian waters.
With the conclusion of this hook-up activity, SP O&G 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 “first oil” and commence production.
The FPSO's commissioning will assist India in reducing its energy bill. The project has the potential of reducing India’s annual import bill by $4.5 billion and will be a step forward in securing energy security.
