Sigma Offshore Wins Indian Ocean Contract

UK marine engineering firm Sigma Offshore reported Thursday that it has secured a contract for a key project that forms part of a multi-billion pound oilfield development in the India Ocean.

The Aberdeen-based company will supply Bumi Armada with engineering support for a $62-million turret mooring system for a floating, production, storage and offloading (FPSO) vessel at the Cluster-7 field in India. The FPSO will be operated by SP Armada, a joint venture between Bumi and Shapoorji Pallonji and Company.

The FPSO is due to be delivered in November 2014.

Sigma CEO Alistair Dornan commented in a company statement:

"This is a significant contract for Sigma Offshore. We've developed an excellent relationship with the Bumi Armada team and we’re looking to build on this with a view to tendering for future opportunities in the region and further afield. With our client based in Malaysia for a field development offshore India – and using engineering support from the UK – it truly shows the international nature of the modern-day upstream sector."

The Cluster-7 field, which is operated by India's Oil and Natural Gas Corporation (ONGC), located approximately 130 miles off the west coast of Mumbai, India.



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