MISC Annual Report 2017

99 Strategy & Performance BUSINESS RISK & MITIGATING ACTIONS Summary of Business Risk Mitigating Actions • Volatile oil price environment has adversely impacted the offshore industry resulting in the uncertainty of FIDs for new offshore projects. • Expand global footprint by capitalising on growth in deepwater floater projects. • Pursue organic and inorganic growth opportunities via asset acquisitions worldwide. • Close engagement with potential client for competitive edge thus ensuring business continuity. MANAGEMENT DISCUSSION & ANALYSIS OFFSHORE BUSINESS