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 Main Board of the Hong Kong Stock Exchange in 2009 and now a member of China Merchants Group, is a well-known provider of oil & gas drilling and production equipment as well as marine and offshore support solutions. With integrated design, manufacturing and engineering service capabilities, the company is advancing its “Hydrogen, Marine, Intelligence, Offshore” business strategy, focusing on marine & offshore equipment and green energy, with the goal of becoming a leading green energy and equipment service provider in China.

OceanSTAR Elite has long been dedicated to the offshore energy sector, offering one-stop engineering design and innovative EPCIC solutions. Leveraging the complementary strengths, industry resources and project expertise of both parties, this partnership is set to provide stronger support for the high-quality execution of FPSO projects, while further reinforcing collaboration mechanisms and integrated support capabilities throughout project implementation.

Mr. James Zhang, Chairman of OceanSTAR Elite Group, remarked that the signing of the cooperation agreement marks a positive step forward in driving key project execution and fostering long-term collaboration between the two companies. Looking ahead, both parties will continue to leverage their respective strengths to achieve tangible outcomes from the partnership, establishing a solid foundation for further market expansion and future project cooperation.

Mr. Zhan Huafeng, CEO of CM Energy, noted that the signing further deepens mutual trust and opens up broader opportunities for future collaboration. CM Energy will maintain close coordination with OceanSTAR Elite, and taking this partnership as an opportunity, will explore further cooperation across a wider range of business areas and markets, aiming to achieve complementary advantages and mutual benefits.