MISC Annual Report 2019

MISC’s 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. We cater to marginal, conventional and deepwater field developments with exceptional production and operations performance track records for all our facilities. As one of the leading floating offshore solutions providers in the world with 14 assets, MISC has a reach across Malaysia, Vietnam, Thailand, Brazil and other strategic locations to meet the global demands of the oil and gas industry. KEY HIGHLIGHTS O F F S H O R E B U S I N E S S FINANCIAL PERFORMANCE RM1,086 million Revenue RM495 million Operating Profit Further details on Offshore Business https://www.misc.com.my/solutions/offshore-business Owns the first and largest semi-submersible floating production system in Asia One of the world’s leading FPSO/FSO owner and operators with 14 assets Excellent asset performance with uptime of over 99% management discussion & analysis 103 102 OUR BUSINESS PERFORMANCE MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019