OceanSTAR Elite Group of Companies

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…

OceanSTAR Marine & Offshore Pte. Ltd. (“OceanSTAR”) has been awarded a Floating Storage Offloading (“FSO”) conversion design engineering contract by a leading offshore asset and operator in Indonesia. The scope of work involves a multitude of engineering disciplines including Naval Architecture, Mechanical, EIT, Marine Systems, Safety and Structural Engineering. OceanSTAR continues aimed to be the one stop solution for our clients for the offshore assets design engineering consultancy works.   About OceanSTAR Marine & Offshore Pte. Ltd. With offices in Singapore, Tianjin…

OceanSTAR Marine & Offshore Pte. Ltd. (“OceanSTAR”) has been awarded design engineering works (“Work Order”) for Waste Heat Recovery Unit (“WHRU”) by a leading heat transfer, separation and fluid handling equipment developer. The scope of work includes structural strength and fatigue analysis, steel outfit detail and fabrication drawings.   About OceanSTAR Marine & Offshore Pte. Ltd. With offices in Singapore, Tianjin and Kuala Lumpur, OceanSTAR Marine & Offshore Pte. Ltd. has established itself as a leading provider of Engineering Design and Consultation, Project Management, Site…

OceanSTAR (Tianjin) Marine & Offshore Co., Ltd (“OceanSTAR”) has been awarded a Multi-disciplines Technical Service Contract by Offshore Oil Engineering (Qingdao) Co., Ltd in China for a LNG Module Project. The term of the technical service support is expect to complete in 2nd Quarter 2022.   About OceanSTAR Marine & Offshore Pte. Ltd. With offices in Singapore, Tianjin and Kuala Lumpur, OceanSTAR Marine & Offshore Pte. Ltd. has established itself as a leading provider of Engineering Design and Consultation, Project Management, Site Survey and Production…

OceanSTAR Marine & Offshore Pte. Ltd. (“OceanSTAR”) has been awarded The Provision of Marine Bid Engineering Services (“Bid-Engineering”) contract for a Floating Production Storage and Offloading (“FPSO”) project by a repeat client which is leading offshore asset owner and operator in Malaysia. The scope of work includes key deliverables for marine system, naval architect, structural & mechanical disciplines. OceanSTAR continues to demonstrate support to customers with their wealth of technical expertise with offering engineering services to offshore facilities like FPSOs.…

OceanSTAR Marine & Offshore Pte. Ltd. has been awarded Analysis Work Order for Strength, Buckling, Deflection and Fatigue Analysis for module stools and hull with respect to new Piping Module additional reaction load by a Singapore Module Fabricator.   About OceanSTAR Marine & Offshore Pte. Ltd. With offices in Singapore, Tianjin and Kuala Lumpur, OceanSTAR Marine & Offshore Pte. Ltd. has established itself as a leading provider of Engineering Design and Consultation, Project Management, Site Survey and Production Support Services in the Marine and Offshore…

OceanSTAR Marine & Offshore Pte. Ltd. has been awarded a Pre-Front-End Engineering and Design (“Pre-FEED”) package for Floating Production Storage and Offloading (“FPSO”) project by a leading offshore asset owner and operator in the region.   About OceanSTAR Marine & Offshore Pte. Ltd. With offices in Singapore, Tianjin and Kuala Lumpur, OceanSTAR Marine & Offshore Pte. Ltd. has established itself as a leading provider of Engineering Design and Consultation, Project Management, Site Survey and Production Support Services in the Marine and Offshore industry.