Our Heritage
From Vision to Global Leadership
HBA Future Energy Heritage
Where Ocean Meets Tomorrow
In 2015, we stood at the intersection of expertise and possibility. The offshore industry had given us four decades of wisdom. The ocean doesn’t distinguish between the infrastructure that extracts fossil fuels and that which harvests wind. It tests them equally, demands the same respect, offers the same unforgiving classroom. This is why our heritage matters—not as a museum of past achievements, but as the living knowledge that makes the impossible merely difficult.
Incorporation of HBA
HBA Future Energy was established in Singapore with a bold vision to reshape offshore energy services. The company aimed to provide innovative solutions in subsea and offshore sectors.
Key Achievements:
Company Founded
Singapore Headquarters Established
Key Achievements:
Strategic Partnerships & ISO Certifications
HBA secured a long-term subsea IMR contract with ENI, involving a DSV with ROV for the Jangkrik FPSO deepwater development. The company achieved ISO 9001, 14001, and 45001 certifications and became profitable, marking a pivotal financial milestone.
Key Achievements:
ENI Contract Secured
ISO Certifications Acquired
Reached Profitability
Key Achievements:
International Expansion
HBA expanded globally, incorporating subsidiaries in Indonesia, Congo, and Nigeria. Additionally, the company secured another ENI contract for deepwater rig movement and support, solidifying its international presence.
Key Achievements:
New Subsidiaries in 3 Countries
Extended ENI Deepwater Contract
Key Achievements:
Nam Du FPSO Contract
HBA secured the Jadestone Nam Du FPSO lease & operate contract.
Key Achievements:
Nam Du FPSO Lease & Operate Secured
Key Achievements:
Renewable & Hybrid Energy Division Launch
HBA launched its Renewable & Hybrid Energy Division and signed alliances with GE, Hitachi, and ABB to support its growth in renewables.
Key Achievements:
RHE Division Established
Strategic Alliances with GE, Hitachi & ABB
Key Achievements:
Okwok FPSO EPCM Contract
HBA entered a JV with WCC for the Oriental Energy Okwok FPSO EPCM contract and signed MOUs for renewable/hybrid projects in Sri Lanka, Indonesia, and Vietnam.
Key Achievements:
Secured Okwok FPSO EPCM Contract
MOUs for Renewables in 3 Countries
Key Achievements:
Sri Lanka Green Ammonia & Strategic Partnerships
HBA won three renewable blocks in Sri Lanka targeting green ammonia, secured an early production contract from Tenoil (Nigeria), and signed partnerships with Indonesia Power (PLN) and Hung Hai Group (Vietnam).
Key Achievements:
Sri Lanka Green Ammonia Blocks
Tenoil Early Production Contract
Partnerships in Indonesia & Vietnam
Key Achievements:
Offshore Wind Breakthrough
HBA won the landmark 532 MW Anma OSS wind farm project in South Korea and secured the reactivation and conversion contract for MV Armada Claire.
Key Achievements:
Anma OSS 532 MW Project Secured
Entry into South Korea Market
Armada Claire Reactivation Contract
Key Achievements:
Solar & FPSO Deployment
HBA commenced deployment of a 10 MW onshore solar project in Mahiyanganaya, Sri Lanka, expected to reach COD in 2024. Additionally, the Okwok FPSO was completed and expected to arrive in Nigeria by March, with first oil anticipated in July 2025.
Key Achievements:
10 MW Onshore Solar Project in Sri Lanka
Okwok FPSO Completion & Deployment
Key Achievements:
Green Ammonia & Substation Projects
HBA is set to develop and operate a 430 MW renewable hybrid energy project in Sri Lanka for 100,000 TPA green ammonia, expected to achieve COD in 2025/2026. It also secured the offshore substation supply for the Anma wind farm under a January 2025 agreement.
Key Achievements:
430 MW Green Ammonia Project Secured
Offshore Substation Contract for Anma OSS
Key Achievements: