“Hemant Bedi is leading the commercial division of Shapoorji Pallonji Oil and Gas private Limited. He has an MBA from Indian School of Business and a B Tech in Mechanical Engineering from NIT Trichy. He joined Shapoorji Pallonji in the Group coordination team wherein he worked on SP group’s business interests in energy sector assets with Power and Oil & Gas sector as focus areas.
At Shapoorji Pallonji Oil and Gas, he has been working on pricing, ownership structuring and contract negotiations for high capex upstream oil and gas industry assets such as FPSOs/ FSRUs/ FSOs/ MOPUs. He is also responsible negotiation of joint venture arrangements and supports Business Development activities of the company.”
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.