OceanSTAR Elite said its Malaysian unit, OceanSTAR Engineering Holding Sdn Bhd, has signed a long-term agreement with PETRONAS Carigali Sdn. Bhd. to provide an FPSO under a lease arrangement, including operation and maintenance.
The award supports the Sepat Integrated Redevelopment Project offshore Terengganu, Peninsular Malaysia. The contract includes a firm 15-year charter period with extension options.
Under the scope, the contractor will deliver full EPCIC for a newbuild FPSO hull and related topside facilities. The hull will be the third unit based on the AiP-approved standardized OSE GH200 “Generic Hull” design, developed under a “Design-One, Built-Many” approach.
The FPSO is intended for the Sepat Field Redevelopment in Block PM313. The unit will be spread-moored in approximately 70 m water depth and designed to process at least 30,000 barrels of liquid per day. The facility will include gas injection and gas lift systems, with provisions for future water injection.
Project work is in the detailed engineering phase, and critical long-lead equipment is being secured. The Kuala Lumpur project team is working with the operator’s team on execution activities.
