Fpso ongc

Hi I am looking for the information about the Oil and Natural Gas Corp (ONGC) for hiring a floating production, storage and offloading (FPSO)?

[Rajkumar Agarwal]

State-claimed Oil and Natural Gas Corp (ONGC) has surprisingly enlisted a skimming oil creation framework to deliver oil from its D1 oilfield off the Mumbai coast.

ONGC yesterday marked a seven-year contract with Forbes Bumi Armada Offshore Ltd (FBAOL) - a joint endeavor between Malaysia's Bumi Armada and BSE-recorded Forbes and Co Ltd - for enlisting a floating production, storage and offloading (FPSO) , authorities said

Bumi claims a 49.99 for every penny stake in the joint wander that has rented the FPSO to ONGC, while the staying 50.01 for each penny is held by Forbes.

Authorities said this was the first run through ever that ONGC has procured a FPSO to create oil. Till now, it has been utilizing settled stages remaining as a part of the center of the ocean to deliver oil from seaward fields.

A FPSO is a changed over or custom-fabricated boat molded floater used to process oil and gas and for brief stockpiling of oil preceding transshipment. The FPSO forms oil originating from undersea wells and stores it before exchanging it available to be purchased to refineries for preparing.

ONGC has contracted the FPSO for a seven-year altered term time sanction, with a further six-year yearly expansion period at ONGC's caution.

The FPSO will have a handling limit of 50,000 barrels for each day and 580,000 barrels stockpiling limit.

Authorities said the vessel was relied upon to be conveyed amid the final quarter of 2012, with first oil planned before the end of December around the same time.

The D1 field lies around 200 kilometers off the bank of Mumbai in a water profundities running from 85 to 90 meters and is as of now delivering 16,000 bpd of oil through the Sagar Laxmi lift based early generation framework (EPS).

The field was created in two stages. Stage I advancement was finished in 2006-07 by boring seven wells, while Phase-II improvement was finished in 2008-09 by boring the staying five wells.

Top oil generation of 17,500 barrels for each day was accomplished from the field after Phase-II advancement. In the blink of an eye, the field is creating around 16,000 bpd.