Image Credits : Upstream Ravi Shankar Srinivasan, chief executive of SP Energy.Photo: SP Energy
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SP Energy has won crucial approval for newbuild hull concept for large floaters

India’s Shapoorji Pallonji Energy (SP Energy) has received crucial approval for its new-generation hull concept for large floating production, storage and offloading vessels, with an eye on huge oil projects in Africa and the Americas.

The company pn announced  in a statement said that it has in place a “front-end engineering design (FEED) level approval-in-principle (AIP) from ABS (American Bureau of Shipping) for its FPSO newbuild hull design, Sterling Streamline”.

SP Energy noted that its Sterling Streamline “marks a significant advancement in FPSO hull design, seamlessly integrating size, customisability, sustainability and operational longevity”.

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