| 1983 | Mr. Tan Pong Tyea (“PT Tan”) ventured into offshore marine services industry through owning, managing, operating and chartering out offshore support vessels to customers in the oil & gas industry. | | 1985 | Asetanian was incorporated to further penetrate the offshore segment of the marine services industry. Asetanian provided ship management services to the offshore support vessels owned by PT Tan. | | 1990 | PT Tan ventured into offshore marine services business and current fleet also expanded through the setting up of single purpose vessel owning companies. Total of three single purpose vessels and eight AHTS. | 2002
| As the business expanded, there was a need to establish a holding company to consolidate the fragmented business entities and thus Oilfield Services Company Limited (“OSCL”) was formed. | | 2008 | April – FEG completed the 100% acquisition of OSCL, making FEG the latest Catalist-listed player in the marine and oil & gas industry, specialising in the production phase of oilfield activities. | 2009
| - Apr: Completed acquisition of Terasa-Star Shipping, CDS Oilfield Services and Longzhu Oilfield Services group of companies
- Sep: Upgraded to SGX Mainboard
| 2010 | - Apr: Completed acquisition of 29.07% (205 m shares) of CH Offshore for from subsidiary of Scomi Marine Bhd (SMB). CH Offshore owns 11 AHTS and co-owns another 2 AHTS with SMB
- Dec: Set up Capital Guardian Limited (for oil trading and other related activities)
- Dec: Set up Resources Division; Radford Holdings Limited (coal trading, coal mining and other related activities)
| | 2011 | - Set up Drilling Services Division (ordered 2 x jackup drilling units)
- Ordered 2 x DP2 Multi-Functional Support Vessels (MFSV)
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