OceanSTAR’s New FSO Design Receives Bureau Veritas Basic Design Assessment Statement

At the Offshore Technology Conference Asia on 29 February 2024, Bureau Veritas (BV) presented a Basic Design Assessment certificate to OceanSTAR Elite group of companies, a Singaporean engineering design provider, for its latest Floating Storage and Offloading (FSO) unit – OCEANSTAR FSO-01.

Mr. Ir Saifulbahari (right) presenting the Basic Design Assessment certificate to Mr James Zhang (left) at OTC Asia 2024

OceanSTAR FSO-01 is a generic shipshape hull design specifically developed to cater for midsize Floaters scalable up to 750Kbbls capacities, addressing operational demands in the Asia Pacific and African offshore fields. It features a large and reinforced deck area, expandable living quarters, and piping routings to accommodate topsides for conversion into an FPSO (Floating Production, Storage & Offloading) unit or an FPU (Floating Production Unit) when required. The fore and aft end design is engineered for easy interfacing with spread or external turret mooring systems. Furthermore, it comes equipped with standard offshore floater utilities, control and safety systems, fulfilling the common requirements of oil and gas clients, and adhering to specifications outlined by international standards, regulatory bodies, and classification societies.

BV conducted a thorough review of the FSO design within the scope of a Basic Design Assessment, considering a comprehensive set of rules, regulations, and international conventions. This approval of BDA will accelerate the delivery of the newly built hull which is a critical component of any floater's development requirement. This expedited new delivery and generic design will offer competitive pricing compared to existing trading tanker hulls. The new hulls will offer long term (>30years) asset integrity to a high standard providing flexibility for contract extension or future multi-redeployment options.

James Zhang, Group Chairman & CEO of OceanSTAR, expressed confidence in the potential of the design to address the evolving demands of the offshore industry within the Asia Pacific and Africa waters.

Moving forward, BV remains committed to supporting OceanSTAR throughout the classification and certification process, ensuring the unit conforms to the highest standards of safety, performance and sustainability.

Group photo with OceanSTAR team members during OTC Asia 2024