“V. Sethuraman, Chief Financial Officer - Oil & Gas, is an alumni from the Institute Of Chartered & Cost Accountants Of India (All India Rank Holder). Prior to Joining SP Group in 2016 he has worked in senior positions with Essar Group and The Great Eastern Shipping Company Ltd. He is a proven business leader with around two decades of experience and has worked in multiple locations in India and abroad. Over the years he has developed expertise in the field of Finance specific to Oil & Gas , Shipping and Energy Sectors.
Sethu has a strong track record in all the core aspects of business including Strategic Planning and M&A. His long association with prominent groups in the field of Oil & Gas has helped him to develop a deep rooted knowledge & understanding of global upstream & downstream markets and the various allied services associated with it.
He has carried out investment analysis of various Shallow Water, Mid Water, Deepwater and Ultra Deepwater projects and has delivered innovative business solutions in the offshore & onshore oil and gas and shipping industries.”
Shapoorji Pallonji Oil & Gas Pvt. Ltd. ("SPOGL"), a wholly owned subsidiary of Shapoorji Pallonji Company Pvt. Ltd. ("SPCPL"); has entered Oil & Gas industry with a vision ‘To be a premier global company in the oil & gas supply chain industry encompassing floating solutions and regasification to help meeting world energy demands’. It focuses to achieve the Vision through attaining excellence in technology to provide quality product each time, attain excellence in operating and maintenance philosophies to facilitate client to materialize his production plans, set high standards of HSE policies and strict compliance thereof. SPOGL is the first and only Indian company who has the experience of Building & Operating Floating Production Storage & Offloading i.e. FPSO.
SPOGL has more than 8 years of Oil & Gas Floaters design, construction and O&M experience and aspires to be a world leading designer, fabricator, owner and operator of cutting-edge floating technologies and production and storage assets aimed at serving the global Offshore Mid and Upstream Oil & Gas and Floating LNG markets. SPOGL has successfully delivered two prestigious FPSO vessels for ONGC, offshore Mumbai i.e. Armada Sterling for D1 field and Armada Sterling II for C7 field. The FPSOs are aligned with high standards in engineering technology, quality construction, operations & maintenance, HSE policies and strict compliance. These FPSOs have impeccable performance standards with uptime of ~100% without Lost Time due to Incidence since early-2013. SPOGL group has received International Safety Awards from British Safety Council for safe operations of these two FPSOs.
SPOGL has also Engineered and Constructed FPSO Karapan Armada Sterling III (“KAS III”) for HCML (Husky CNOOC Madura Ltd.), a JV of Husky, Canada and CNOOC, China. FPSO KAS III is operational is Madura Field, Indonesia. FPSO KAS III is World’s largest FPSO with gas, oil and molten sulphur production facility.