Our Offshore Business segment continued to deliver on its promises and bring several key offshore structure projects to a close as well as optimise asset performance. It delivered the Mobile Sea Base PL Tun Azizan and deployed a Marginal Marine Production Unit, the MaMPU I, marking MISC’s maiden entry into the marginal oil field development arena. Meanwhile, under our Marine & Heavy Engineering Business segment, its marine repair operations continued to run at near full capacity, its solid performance helping absorb the slowdown in demand for offshore fabrication activities. The fact that we achieved these results amidst challenging global economic conditions is testament that MISC’s prudent business strategies, professional management approach and steady focus on delivering long-term sustainable growth, are all coming together. Moreover, it bears testament to the r e s i l i e n c e , wo r t h y e f f o r t s a nd commitment to excellence that the people of MISC continue to exhibit. MISC BERHAD Annual Report 2015 55
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