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 and construction implementation.
As one of China’s leading offshore and marine construction yards, CMHI Jiangsu brings extensive experience in complex vessel construction, offshore engineering, project execution and integrated delivery. Under the EPC contract, CMHI Jiangsu will play a key role in supporting the construction and delivery of the FPSO, working closely with OSE and other project stakeholders to ensure safe, efficient and timely project execution.
This collaboration combines OSE’s offshore project development, engineering and execution capabilities with CMHI Jiangsu’s strong shipbuilding and offshore construction expertise. It also reflects OSE’s continued strategy of working with capable and reliable industry partners to strengthen project delivery and build a robust execution platform for FPSO, FSO and FPU projects.
The Sepat FPSO Project is an important project for OSE in Malaysia and reflects the Group’s continued commitment to delivering fit-for-purpose offshore production solutions for the regional energy market. With the EPC contract now in place, OSE will continue to advance detailed engineering, procurement, construction planning and project coordination in close collaboration with CMHI Jiangsu and other partners.
The signing of this contract further strengthens the foundation for the successful delivery of the Sepat FPSO Project and demonstrates the shared objective of all parties to execute the project with high standards of safety, quality and performance.