Sigma Offshore awarded contract for Indian Ocean FPSO project
ABERDEEN -- Sigma Offshore has secured a contract for a key project which forms part of a multi-billion dollar development in the Indian Ocean.
Aberdeen-based Sigma Offshore is to provide Bumi Armada with engineering support for a £40m-plus ($62.2m) turret mooring system for an 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 £707m ($1.1bn) to provide an 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 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 210km off the western coast of Mumbai, India.
The FPSO is due 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.