In a noteworthy milestone for offshore exploration and development, ONGC has used the floatover installation methods for the first time in India.
The company installed a 13,000 tonne process platform and an 8,000 tonne living quarters platform on the sea in order to develop its B-193 field in the Mumbai offshore.
The installation would save millions of dollars for the company and it marks a breakthrough for both ONGC and Swiber, a Singapore-based engineering and logistics firm.
The floatover operation, executed at a cost of Rs 80 billion, is estimated to provide a potential saving of between Rs.75-100 million over the conventional technology.
Floatover installation has emerged as a reliable and cost-effective alternative because the topside weights in exploration equipment exceeds floating crane lifting capacities.
Swiber not only offered a solid value proposition, with savings of millions of dollars using the innovative float over method, it also delivered complex engineering solutions, reports indicate.
The ONGC-Swiber achievement comes within days after India’s biggest oil producer set a world record for the deepest well drilled by an offshore rig.
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