OceanSTAR Elite Group (“OEG”) is pleased to announce that it has, on 25 May 2023, entered into a memorandum of understanding (“MOU”) with Synergy Engineering Group (“SEG”) to establish a Joint Venture Company (“JV”) in the field of offshore oil &gas providing full engineering solutions for FPSO/FLNG/FPU/Semi-submersibles/Tension Leg Platform projects, which includes topside modules and hull & marine engineering targeting International Clientele.
This MOU allows both parties to collectively share their manpower resources and explore potential collaboration as it relates to technical and operational aspects of upstream oil & gas engineering projects and as well as jointly evaluate and consider potential acquisitions and other new business opportunities that both parties agree to be of interest. The agreement allows the companies to leverage their respective strengths and expertise in the evaluation and the future pursuit and development of energy and other projects in the world.

About Oceanstar Elite group
Founded in June 2017 in Singapore, OceanSTAR Elite Group has established itself as a leading provider of Engineering Design and Consultation, EPCIC Project Management and Capex Investment in the Marine and Offshore industry. We are able to offer engineering designs and technical consultations and project management services on new built or conversion projects, including Floating Production Storage Offloading (FPSO) units, Floating Storage Offloading (FSO) units, Offshore Fixed Platforms, Self-Elevating Offshore units, Drill Ships and Semi-Submersible and other offshore modules. Most importantly, we are able to do so in a professional, timely and flexible manner while offering competitive prices.

We aim to become one of the leading providers of Engineering Design and extended EPCIC Services in the Asia-Pacific region, through our Professional Expertise and Customer-oriented approach. For more information, please visit the Company’s website at www.oceanstar.com.sg

About Synergy Engineering
Synergy Engineering has been an active player in the Indonesia and the ASEAN region energy sector since 2007, offering complete engineering lifecycle requirements of a project. We provide comprehensive technical services primarily to the Energy sector including Oil and Gas, Renewables Energy, Solar, and general industry. Our clientele encompasses major Field Operators, Plant Owners, EPCI (Engineering, Procurement, Construction and Installation) contractors and global engineering design consultancies.
Synergy Engineering has regional offices located in Malaysia, Thailand, and Vietnam, as well as our headquarters in Indonesia. Our group has over 1,000 personnel, and our HQ office in Jakarta is fully equipped with facilities to support up to 100 clients and partners’ personnel in a comfortable environment, with close access to major Client offices and airports. For more information, please visit www.synergyengineering.com