Madura FPU Signing of Facility Agreement

PT Timas Oceanstar Indonesia has signed a syndicated loan facility of USD 85 million with PT Indonesia Infrastructure Finance, acting as Mandated Lead Arranger, and PT Sarana Multi Infrastruktur (Persero) for the construction of a Floating Production Unit in Madura Strait. A Signing of Facility Agreement ceremony was held at PT Indonesia Infrastructure Finance on 25 November 2021.

The signing were represented by President Director of IIF, Director of SMI, President Director of TOI and Director of TIMAS, held in IIF office, Jakarta, Thursday.

AboutAbout PT Timas Oceanstar Indonesia
PT Timas Oceanstar Indonesia (“TOI”), a joint venture between PT Timas Suplindo & PT Oceanstar Corp Indonesia, is established to invest and own the FPU Madura.
PT Timas Suplindo, founded in 1989 as a fabricator and erector of mechanical equipment company, has now transformed and established as one of Indonesian leading onshore & offshore EPCIC contractor.
Oceanstar group of companies, including member PT Oceanstar Corp Indonesia, is a leading provider of engineering design and consultation, project management, site survey and production support services in marine & offshore industry.

PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (IIF) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects.