SINGAPORE, 3rd QUARTER 2021

Madura FPU “Keel Laying” ceremony was held at Jiangsu Strongwind Tongzhou Bay Shipyard to commemorate the start of the keel laying activity of Madura FPU and “Block 302C” initiate the Laying Ceremony. The delivery for this unit is expected to be end of February 2022. This ceremony represents a significant milestone between PT Timas Oceanstar Indonesia and Jiangsu Strongwind Marine Equipment Co., Ltd which have been working relentlessly since the award of Contract in Q1 2021.

About

PT Timas Oceanstar Indonesia (“TOI”), a joint venture between PT Timas Suplindo & PT OceanSTAR Corp Indonesia, is established to invest and own the FPU Madura.

PT Timas Suplindo, founded in 1989 as a fabricator and erector of mechanical equipment company, has now transformed and established as one of Indonesian leading onshore & offshore EPCIC contractor.

OceanSTAR group of companies, including member PT OceanSTAR Corp Indonesia, is a leading provider of engineering design and consultation, project management, site survey and production support services in marine & offshore industry.