Fossil Energy – FPSO
OceanSTAR Elite (OSE) has successfully entered into a long-term contract with PETRONAS Carigali 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, Peninsular Malaysia.
OceanSTAR will undertake the full engineering, procurement, construction, installation and commissioning (EPCIC) of a new-build FPSO hull and all related topside facilities.
The hull is the third unit based on OceanSTAR’s AiP-approved standardized hull design, OSE GH200 – Generic Hull, developed under the ‘Design-One, Built-Many’ concept.
The FPSO is being developed for the Sepat Field Redevelopment in Block PM313 and will be a spread-moored unit operating in approximately 70 meters of water depth, capable of processing a minimum of 30,000 barrels of liquid per day.
The facility will be equipped with advanced gas injection, gas lift, and future water injection systems to ensure efficient and sustainable production.
The project is progressing steadily and is currently in the detailed engineering phase, with critical long-lead equipment being secured.
The OceanSTAR project team in Kuala Lumpur continues to work in close collaboration with the PCSB team to ensure successful project execution.
