Skip to main content

AFCONS creates record in Indian Oil & Gas industry

Becomes first Indian EPC contractor to install a process platform under float-over technology on time

 AFCONS Infrastructure Limited (AFCONS) achieved a new milestone on January 15, by executing a float-over installation of the HRD Process Platform, for ONGC, in the west coast of India.


Float-over operation is a new concept which is being recently used in ONGC projects wherein an offshore vessel or a cargo barge which is carrying the heavy topside is made to enter the slot created between jacket legs and stab the complete topside on the jacket legs.

With this phenomenal achievement, the Shapoorji Pallonji Group Company became the first Indian EPC contractor to install a process platform under float-over technology on time. This was only the second float-over operation to be carried out in India.

In offshore oil and gas industry worldwide, most topsides are installed via conventional method of lifting. So far, only 27 topsides have been installed across the world using the float-over technique. AFCONS, the leader in a consortium comprising Technip, France and THHE, Malaysia, became the first Indian contractor to adopt the technology and successfully execute it. The design and installation was handled by Technip.

The HRD project has clocked six million Safe Man Hours without any Loss Time Incident till date.

The HRD topside was constructed in Vietnam, with loading out on the planned date. It was transported on a float-over barge to Heera Field, Indian offshore by sea all the way from Vietnam.

Parallelly, during this time, the jacket was being installed and prepared to receive the topside. On Jan 15, the HRD topside was mated with the jacket making the Process Platform a single structure. The entire operation was complete in 34hrs from preparations to complete installation.

It was a phenomenal event where a structure of 8,300 MT got installed in a single attempt.

AFCONS could pull it off with the help of Dockwise team, who were subcontractors and owners of the float-over barge. They also did the ballast operation for the complete float-over.

AFCONS is known for operational excellence. In its spirit of finishing projects on time or before schedule, AFCONS managed this feat on the 150th year of the Shapoorji Pallonji.

About AFCONS:

AFCONS Infrastructure Limited, the flagship civil engineering and construction company of Shapoorji Pallonji Group, is one of the pioneers and leaders in infrastructure development.  The company is involved in executing large and complex projects, both in India and overseas. Over the past five decades, AFCONS has consistently earned accolades from many countries and tough MNC clients for successful execution of complex projects in the areas of Marine, Highways, Bridges, Metro, Tunnels, and Onshore and Offshore Oil & Gas platforms. The company has a transnational presence in almost the entire spectrum of infrastructure activities and is known to be one among the top ten marine contractors worldwide in terms of Engineering & Quality excellence and on-time delivery.

AFCONS maintains highest standards when it comes to safety and quality delivery with conformance to Integrated Quality Management systems like ISO 9001:2008, ISO 14001:2004 and BS OHSAS 18001:2007.

Lines of Business
• Marine & Industrial
• Oil & Gas Off-shore Platforms, LNG & Crude Terminals, and Tanks
• Rail & Metro
• Surface Transport
• Hydro and Underground

Labels:

Comments

Post a Comment

Popular posts from this blog

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

IMFA Reports Strong Q2 FY25 Financial Performance Driven by Higher Output and Operational Efficiency

  Indian Metals & Ferro Alloys Ltd (IMFA), India’s leading fully integrated producer of ferro alloys, announced robust financial results for the second quarter of FY25, ending on September 30, 2024. Financial Performance Highlights For Q2 FY25, IMFA reported strong standalone financial results: Revenue : ₹691.92 crore EBITDA : ₹175.62 crore, with a margin of 25.38% Profit After Tax (PAT) : ₹132.73 crore, achieving an 18.6% PAT margin Earnings Per Share (EPS) : ₹24.60 (not annualized) Exports : ₹652.97 crore This strong performance underscores IMFA's improved margins and profitability compared to the previous quarter, driven by higher production levels and operational efficiencies. Key figures from the company's half-yearly (H1 FY25) performance also reflect IMFA’s resilience in a challenging market, with a PAT of ₹250.25 crore and revenue totaling ₹1,354.2 crore. Operational Highlights IMFA’s operational metrics for Q2 FY25 demonstrated growth and stability: Ferro Chrome Pr...
Post a Comment
Read more

ICE Make Reports 21.31% jump in consolidated revenue for Q2 FY2025

 Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading innovator in cooling solutions and a prominent manufacturer of over 50 types of refrigeration equipment in India, has announced its financial results for the second quarter (Q2) of the fiscal year 2025, showcasing impressive growth and consistent performance across key financial metrics. Standalone Financial Performance The company reported a notable increase in revenue from operations, reaching ₹101.38 crores in Q2 FY2025. This represents a 21.88% jump compared to ₹83.17 crores in Q1 FY2025 and a significant 34% surge from ₹75.72 crores in Q2 FY2024. Total revenue also followed a similar upward trajectory, standing at ₹101.65 crores, up 21.89% quarter-on-quarter (QoQ) and 33.87% year-over-year (YoY). EBITDA for the quarter was recorded at ₹8.51 crores, marking an impressive 35.08% increase from ₹6.30 crores in the previous quarter and a 10.81% rise compared to ₹7.68 crores in Q2 FY2024. The EBITDA margin improved to 8.37%, ...
Post a Comment
Read more