OceanSTAR Elite Group of Companies

OceanSTAR Elite and CMHI (Jiangsu) Sign EPC Contract for Sepat FPSO Project OceanSTAR Elite Group (“OSE”) and China Merchants Heavy Industry (Jiangsu) Co., Ltd. (“CMHI Jiangsu”) held the Engineering, Procurement and Construction (“EPC”) Contract Signing Ceremony for the Floating Production, Storage and Offloading (“FPSO”) unit for the PETRONAS Sepat Integrated Redevelopment Project. The signing of the EPC contract marks a major milestone in the execution of the Sepat FPSO Project and represents an important step forward in transforming the project from contract award and planning into full-scale engineering, procurement…

AECC GT and OceanSTAR Elite Sign Enhanced Cooperation Agreement to Expand International Gas Turbine Market On 8 May 2026, AECC Gas Turbine Co., Ltd. (“AECC GT”) and OceanSTAR Elite Group of Companies (“OSE”) held a signing ceremony for an enhanced cooperation agreement. Building on their existing cooperation, both parties will further strengthen collaboration in the development of the international gas turbine market, product development, project applications, operation and maintenance, and after-sales services. The signing of this enhanced cooperation agreement marks a new stage in the partnership between AECC GT…

OceanSTAR Elite and SBW Sign Compressor Purchase Order for Sepat FPSO Project On April 20, 2026, OceanSTAR Elite Group (“OSE”) and Shenyang Blower Works Group Corporation (“SBW”) held a purchase order signing ceremony in Singapore and officially signed a procurement agreement for 2 sets of AG Compressors (2BCL457) and 1 set of GIGL Compressor (BCL306A) for the Sepat FPSO Project. This procurement marks another important milestone in the execution of OSE’s Sepat FPSO project. The compressors covered under this purchase order will form part of the key process equipment package for the FPSO, further…

OceanSTAR Elite Group Signs Purchase Order with AECC Gas Turbine for Five Taihang 7 Gas Turbines On March 31, OceanSTAR Elite Group (“OSE”) and AECC Gas Turbine (“AECC GT”) held a signing ceremony in Nantong, Jiangsu, and officially signed a Purchase Order (PO) for five Taihang 7 gas turbines. This procurement marks a key milestone in the execution of OSE’s FPSO project for the Sepat Integrated Redevelopment Project of PETRONAS Carigali Sdn. Bhd. The five Taihang 7 gas turbines will…

OceanSTAR Elite Group and CM Energy Sign Strategic Cooperation Agreement to Strengthen FPSO Project Execution On March 30, OceanSTAR Elite Group and CM Energy Tech Co., Ltd. held a signing ceremony in Nantong, Jiangsu, officially entering into a strategic cooperation agreement. The partnership focuses on collaboration in the FPSO sector, aiming to enhance project execution efficiency and delivery capabilities through closer resource integration and coordination, while laying the groundwork for future cooperation in broader markets. CM Energy, listed on the…

OceanSTAR Elite Secures FPSO Sepat Project from PETRONAS Carigali OceanSTAR Elite (“OSE”) is pleased to announce that its group of Company in Malaysia, OceanSTAR Engineering Holding Sdn Bhd (“OceanSTAR”) has successfully entered into a long-term contract with PETRONAS Carigali Sdn. Bhd. (“PCSB”) for the Provision of Lease, Operation and Maintenance of a Floating Production Storage and Offloading (“FPSO”) unit. The contract comprises a 15-year firm charter period with extension options, supporting the PCSB Sepat Integrated Redevelopment Project, located offshore Terengganu,…

OCEANSTAR ELITE LDV FSO Successfully Launched – A Major Project Milestone On 6 February 2026, OceanSTAR Elite Group (OSE) successfully held the launching ceremony of the LDV Floating Storage and Offloading (FSO) unit at Nantong Strongwind Shipyard, China. This milestone follows the steel cutting in February 2025 and keel laying in July 2025, marking the project’s transition into the delivery stage. The ceremony was attended by our valued client and partners, including Murphy Cuu Long BacOil, PTSC Asia Pacific, ABS,…

OceanSTAR Elite Marks Milestone with Block B FSO Steel Cutting Ceremony OceanSTAR Elite (“OSE”) is pleased to announce the successful completion of the Block B FSO Steel Cutting Ceremony on 19 December 2025 in Nantong, China, marking the official commencement of construction for the Block B FSO Project. The ceremony was attended by representatives from the Owner, Project Partners, Classification Society, Shipyard, and Local Authorities, including PQPOC, PTSC, OceanSTAR Elite, ABS, StrongWind Shipyard, and the Nantong Innovation Zone Government. The…

Celebrating the 3rd Anniversary of FPU TRunojoyo 01 First Gas Today marks exactly three years since the FPU Trunojoyo 01 achieved first gas on 23 October 2022 — a proud milestone that marked OceanSTAR Elite’s (OSE) first operated production asset and a significant step into the offshore production domain. The FPU Trunojoyo 01 serves the Madura gas field development in East Java, Indonesia, providing stable gas production to support local energy needs. Under a Leasing and Operation Contract, OceanSTAR Elite…

OceanSTAR Elite (OSE) Secures EPCC Contract for Block B FSO, Strengthening Regional Offshore Delivery Track Record OceanSTAR Elite (OSE) is pleased to announce that it has been awarded the Engineering, Procurement, Construction, and Commissioning (EPCC) contract for the Block B Floating Storage and Offloading (FSO) unit offshore Vietnam. The FSO is part of a broader gas field development led by Branch of Vietnam National Industry – Energy Group -Phu Quoc Petroleum Operating Company (PQPOC), with the project executed by PTSC…