PaxOcean Group Delivers Indonesia’s 1st FPSO Conversion
A Milestone Achievement in Advancing Indonesia’s Offshore Capabilities

Batam, 30 September 2024– PaxOcean Group proudly announces the successful delivery of Indonesia’s 1st Floating Production Storage and Offloading (FPSO) vessel conversion to SKK Migas, Medco E&P Natuna Ltd (Medco E&P) and Hanochem Tiaka Samudera.  This landmark achievement underscores PaxOcean’s role as a pioneering force in the region’s maritime and offshore industry, and signals a significant leap in Indonesia’s offshore capabilities.

The conversion of the FPSO vessel – Marlin Natuna from a tanker, executed at PaxOcean’s  Batam shipyard, represents a bold step forward in supporting Indonesia’s growing energy demands.  The newly converted FPSO will play a pivotal role in enhancing Indonesia’s offshore production and storage capacities, furthering Indonesia's position as a leader in the global energy market.

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A Testament to Excellence and Collaboration

This FPSO conversion project marks a collaborative milestone between PaxOcean, SKK Migas, Medco E&P and Hanochem Tiaka Samudera, reflecting the synergy between local industry expertise and global standards of engineering excellence.  The delivery of this advanced offshore asset not only strengthens Indonesia’s maritime infrastructure but also serves as a testament to PaxOcean Batam’s commitment to delivering world-class solutions.

“The delivering of Indonesia’s 1st FPSO conversion is a proud moment for us at PaxOcean,” said Mr Tan Thai Yong, Chief Executive Officer of the PaxOcean Group.  “This achievement reflects the skill, dedication and innovation demonstrated by our team in Batam.  We are honoured to have partnered with SKK Migas, Medco E&P and Hanochem Tiaka Samudera on this pivotal project and we look forward to supporting future advancements in the Indonesia’s offshore energy sector.”

Elevating Indonesia’s Energy Future

This FPSO conversion represents a significant leap in the country’s ability to efficiently process, store and offload hydrocarbons from its offshore fields.  Equipped with cutting-edge technology and designed to withstand Indonesia’s complex offshore environments, the vessel will optimise production and bolster energy security for the nation. 

With an overall length of 183.23 metres, Marlin Natuna has a production capacity of 10,000 BOPD and tank capacity of 250,000 barrels which will be used to accommodate the natural gas and oil of the Forel project produced from Natuna, Riau Islands.

“This project exemplifies our dedication to empowering Indonesia’s offshore industry,” added Jerome Chew, Chief Operating Officer of the PaxOcean Group.  Our Batam yard has proven its ability to undertake and successfully execute complex projects that align with Indonesia’s long-term energy goals.”

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About PaxOcean Group

PaxOcean Group (PaxOcean) is a member of the Kuok Maritime Group (KMG) which is part of Kuok Group Singapore (KGSg). PaxOcean owns and operates five shipyards located in Singapore, China and Indonesia. First established in 2007 in Singapore, PaxOcean offers a wide range of services covering integrated solutions, newbuilding, module engineering and fabrication, green recycling, repairs and conversion of conventional and renewable energy assets. ­­­Visit PaxOcean at www.paxocean.com

About Kuok Maritime Group

Kuok Maritime Group (KMG) includes the PaxOcean Group (PaxOcean), Pacific Carriers Limited (PCL), PACC Offshore Services Holdings (POSH), Pacific Workboats Pte Ltd (PWPL), McPec Marine and Offshore Engineering Pte Ltd (McPEC) and KSL Maritime Ventures (KMV).  KMG offers an integrated suite of maritime solutions to businesses globally.  It serves the maritime value chain from provision of offshore maritime and subsea support services, shipping and transportation, newbuilding as well as harbour and terminal towage services to supporting start-ups offering technological and innovative solutions to the industry.

Visit KMG at https://kuokgroup.com.sg/businesses/#maritime

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