Vietnam - Lac Da Vang FSO

[Administrator]

OceanSTAR ELITE Secures EPCC Contract for FSO Project

17 Oct 2024

OceanSTAR Elite Group of Companies is pleased to announce award of an Engineering, Procurement, Construction and Commissioning (EPCC) contract for a Floating Storage Offloading (FSO) unit, which be moored and operated in an offshore block within region. The ceremony of the project will be held in Nantong on October 18, 2024.



It proves our capabilities and reputation again. OceanSTAR is committed to boost customer satisfaction in all Safety, Technical, Quality and Scheduling aspects, with continuous enhancement of Technical Expertise, Productivity and Innovation.

[Administrator]

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, and Titan Wind Offshore, reflecting the strong collaboration driving this project. Thanks to the excellent teamwork among all stakeholders, the project is currently progressing ahead of schedule.

Developed under the EPCC model, the LDV FSO features a storage capacity of 460,000 barrels and is designed to enhance operational efficiency while supporting sustainable offshore oilfield operations. The project is scheduled for delivery in mid-2026.

In addition, the project team has achieved an outstanding safety milestone of Zero Lost Time Injuries (0 LTI) across 1.2 million man-hours, demonstrating OSE's unwavering commitment to safety and operational excellence.

We sincerely thank all partners for their continued trust and support as we move toward successful project delivery.