Titan Wind Energy Enters Offshore Oil and Gas Sector with FPSO Hull Contract

Titan Wind Energy, a Chinese manufacturer of wind turbines and blades, has secured a contract worth 568 million yuan ($83.76 million) to construct a hull for a floating production, storage, and offloading (FPSO) vessel. The sub-contract was awarded by China Merchants Heavy Industry (Jiangsu), which is building the floater for Singapore-based OceanStar Elite Group. While Titan did not specify the FPSO, OceanStar recently awarded CMHI the engineering, procurement, and construction contract for a replacement floater for Petronas' Sepat field offshore Malaysia.

Vessel Specifications and Timeline

The FPSO will measure 199.2 meters in length and 41 meters in width, with hull construction scheduled for completion in 2027. The Sepat FPSO hull is the third to be built based on OceanStar's standardized hull design, OSE GH200, developed under the "Design One, Build Many" (D1BM) engineering concept.

Project Details and Capabilities

The Sepat field operator, Petronas Carigali, has integrated a 15-year firm charter for the newbuild FPSO into its redevelopment project. The spread-moored floater will be deployed in approximately 70 meters of water depth in Block PM 313 offshore Peninsular Malaysia. It will be capable of processing a minimum of 30,000 barrels per day of liquids and will feature advanced gas injection, gas lift, and future water injection systems.

Titan's Strategic Expansion

In line with its development strategy, Titan is targeting offshore engineering as a key growth platform, offering monopiles, jackets, oil and gas modules, and offshore substations. The company has manufacturing bases across China's Jiangsu and Guangdong provinces. With global offshore oil and gas activities gaining momentum and FPSO demand rising, Titan is advancing its transformation into a comprehensive high-end offshore engineering player, investing in technological innovation and industrial coordination to enhance global competitiveness and contribute to China's offshore engineering industry.