MISC Annual Report 2018

REVENUE MILLION RM1,196.0 OPERATING PROFIT MILLION RM561.8 KEY HIGHLIGHTS Further details on Offshore Business www.misc.com.my/solutions/offshore-business 98% Excellent asset performance with uptime of over 15 ONE OF THE WORLD’S LEADING ASSETS FPSO/FSO owner/operators with LARGEST Owns the Semi-Submersible FPS in Asia OFFSHORE BUSINESS The Offshore Business segment offers a comprehensive array of innovative offshore solutions, from concept selection, engineering design, project management and operations right up to decommissioning in the Floating Production Systems (FPS) market. Our floating offshore solutions cater to marginal, conventional and deepwater field developments, and we have an exceptional production and operations performance track record for all our facilities. In 2018, our floaters processed, stored and exported an estimated 31% of Malaysia’s crude oil production. MANAGEMENT DISCUSSION & ANALYSIS OFFSHORE BUSINESS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 105 MISC BERHAD ANNUAL REPORT 2018 104