Sigma Offshore, the international FPSO turret mooring and marine engineering services company, has secured a contract for a key project that forms part of a multi-billion-pound development in the Indian Ocean. Aberdeen-based Sigma Offshore is to provide Bumi Armada with engineering support for a GBP 40M-plus turret mooring system for a floating, production, storage and offloading (FPSO) vessel in the Cluster-7 field in India.
Bumi Armada’s 50:50 joint venture with Shapoorji Pallonji and Company Limited (SPCL) of India has been awarded a charter contract potentially worth GBP 707M to provide a FPSO vessel for India’s Oil and Natural Gas Corporation Limited’s (ONGC) Cluster-7 field. The FPSO will be operated by SP Armada, the joint venture (JV) set up by Bumi Armada and SPCL.
The FPSO will be owned and operated by SP Armada in the ONGC C-7 field located approximately 210 km off the western coast of Mumbai, India.
The FPSO is scheduled to be delivered in November 2014. Sigma also provided turret engineering in support of Bumi Armada for the FPSO Armada Sterling supplied for the D1 field in 2012.
While the value of the Sigma contract is not being disclosed, the project is a part lump sum and part variable agreement.
