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PT Timas Oceanstar Indonesia (TOI)’s TRUNOJOYO 01, the newbuilding FPU with gas processing rate up to 175 MMscf/day, was arrived at Madura gas field on 13th September 2022. Since Gas Turbine Generator (GTG) started with gas to TRUNOJOYO 01 on 17th October 2022, after tight offshore commissioning, OceanSTAR is proud to announce the achievement of first gas milestone on 23th October 2022. It is only 30 days after successful completion of hookup on 24th September. The achievement of offshore commissioning…

SINGAPORE, 3rd QUARTER 2022 PT Timas Oceanstar Indonesia‘s TRUNOJOYO 01, the new built FPU with main dimension of 160m LOA, 32m breadth and 11m depth, had arrived at Madura Field on 13th September 2022. Madura Fields are operated by Husky CNOOC Madura Limited (HCML), a joint operating company between China National Offshore Oil Corporation (CNOOC) and Husky Energy, owned by Canada’s Cenovus Energy. OceanSTAR team is on board to ensure a smooth continuity of offshore commissioning activity and thus proud…

SINGAPORE, 3rd QUARTER 2022 Jiangsu Strongwind Marine Equipment Co., Ltd held a naming and delivery ceremony for the Madura Floating Production Unit (FPU) constructed at the Jiangsu Strongwind yard in China for her Client PT Timas Oceanstar Indonesia. The contract was signed between PT Timas Oceanstar Indonesia and Jiangsu Strongwind Marine Equipment Co., Ltd in Quarter 1, 2021. The FPU was named “Trunojoyo 01” by Ms Iris Zhu, lady sponsor of the vessel, at the ceremony. Oceanstar, beside holding interest…

SINGAPORE, 1st QUARTER 2022 26 Jan 2022 – FPU TRUNOJOYO 01 was successfully launched at Jiangsu Strongwind Tongzhou Bay Shipyard during 18 January 2022 to 22 January 2022. The FPU was first jacked up and skidded over the launch barge. The launch barge was towed out and submerged, allowing the FPU to float out, and tow back to the Shipyard. The operation was carried out successfully, safety and on schedule. https://www.bilibili.com/video/BV1mF411p7EX 【4K】MDA-MBH Field Floating Production Unit (FPU) TRUNOJOYO 01…

Clean Energy for Indonesia: IIF Provided Loan of US$85 million SINGAPORE, 3rd QUARTER 2021 PT Timas Oceanstar Indonesia has signed a syndicated loan facility of USD 85 million with PT Indonesia Infrastructure Finance, acting as Mandated Lead Arranger, and PT Sarana Multi Infrastruktur (Persero) for the construction of a Floating Production Unit in Madura Strait. A Signing of Facility Agreement ceremony was held at PT Indonesia Infrastructure Finance on 25 November 2021. The signing were represented by President Director of…

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.…

SINGAPORE, 2nd QUARTER 2021 Madura FPU First “Strike Steel” ceremony was held at Jiangsu Strongwind Tongzhou Bay Shipyard to commemorate the start of the construction of Madura FPU. 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…

Located in the North Sea, the project is operated by a turnkey consortium composed of SHELL and its US partner ExxonMobil, and designed by Sevan marine ASA of Norway. The diameter of the FPSO Hull is 87.5m, and the height of the FPSO is 32m. After completion and delivery, the FPSO is expected to have an oil storage capacity of 400000 barrels, an oil processing capacity of 35000 barrels and a gas processing capacity of 120 million cubic feet. Compared…