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”.