Our Heritage
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.
Foundation Year
HBA Offshore was founded in January by industry veteran Hassan Basma and experienced leaders, marking the beginning of a transformative journey in offshore energy services. The company rapidly established regional presence with offices in Ghana and Nigeria.
Key Achievements:
- Company founded by Hassan Basma with 42+ years industry experience
- HBA Offshore Pte. Limited incorporated
- HBA Offshore Sdn. Bhd. Malaysia established
- Regional expansion into Ghana and Nigeria markets
Corporate Structuring
The Singapore holding company was formally incorporated, establishing the legal framework for regional expansion. The company strengthened its African presence with strategic office establishments.
Key Achievements:
- HBA Offshore Holdings Pte. Ltd. incorporated
- HBA Offshore Ghana Limited established
- Singapore headquarters formalized at Cintech III Building
Early Growth & First Major Contracts
HBA secured its first major EPICOM contract with ENI for the Jangkrik FPSO Marine Services in Indonesia, establishing credibility in complex offshore operations. The Renewable & Hybrid Energy division was formed, signaling early commitment to energy transition.
Key Achievements:
- Jangkrik FPSO Marine Services contract secured (ENI, Indonesia)
- Formation of Renewable & Hybrid Energy division
- Regional offices established across Asia and Africa
Deepwater Contract
The company demonstrated deepwater capabilities with Jangkrik FPSO contract from ENI. Strategic partnerships with global technology leaders were established.
Key Achievements:
- Jangkrik FPSO Deepwater contract (ENI)
- HBA Offshore (Indonesia) Pte. Ltd. incorporated
- HBA Offshore Congo Sarl established
- Partnerships with GE, Hitachi, and ABB
Operational Excellence
HBA achieved significant operational milestones with ISO certifications and demonstrated financial stability. The company reached profitability while navigating market challenges.
Key Achievements:
- ISO 9001 certification achieved
- Jadestone Nam Du FPSO awarded (Vietnam)
- Positive cash flow and profitability achieved
- Strategic pivot to renewables initiated
Resilience Through Pandemic
Despite COVID-19 pandemic challenges, HBA demonstrated remarkable resilience and continued operations. The company maintained project delivery while adapting to new market conditions.
Key Achievements:
- ISO 14001, and 45001 certifications achieved
- HBA Offshore Nigeria Limited established
- Merakes FPU crew boat provision project (ENI) completed
- Maintained operations despite global pandemic
Transformative Growth
HBA secured its largest contract to date with the EMEM FPSO project in Nigeria. The strategic shift to renewable energy solutions gained momentum with new corporate entities.
Key Achievements:
- EMEM FPSO contract secured (5-year lease & operate)
- HBA Offshore International Pte. Ltd. incorporated
- HBA Offshore Projects & Development Ltd Ghana established
- Strategic transformation to Renewable & Hybrid Energy accelerated
Renewable Energy Momentum
The company executed rapid deployment projects while securing strategic renewable energy agreements across Southeast Asia, positioning for the energy transition.
Key Achievements:
- Tenoil FPSO early production system completed
- HBA Offshore Investments Nigeria Limited incorporated
- Multiple renewable energy MOUs signed across Southeast Asia
- 550+ MW Indonesian wind project development initiated
Historic Renewable Breakthrough
HBA secured the landmark 532 MW Anma OSS project in South Korea, marking its entry into utility-scale offshore wind infrastructure and cementing its position as a renewable energy leader.
Key Achievements:
- Anma OSS project awarded (532 MW, South Korea's first utility-scale OSS)
- Lakam Ha FPSO upgrade contract (Mexico)
- Preferred Supplier Agreement with Anma Offshore Wind
- Building >1 GW renewable pipeline
Rebranding & Commissioning
The company completed its transformation to HBA Future Energy, reflecting its evolved identity as a renewable energy pioneer while maintaining offshore excellence.
Key Achievements:
- Rebranding to HBA Future Energy completed
- EMEM FPSO commissioned in Dubai
- Anma OSS construction commenced
Global Expansion
HBA Future Energy continues its international growth with new entities in strategic markets, positioning for accelerated renewable energy development across multiple continents.
Key Achievements:
- HBA Future Energy (Korea) Limited established
- HBA Future Energy UK Limited established
- >1 GW renewable energy projects under active development
- FAPSO Product Development Grant awarded by Enterprise Singapore