Vessel category Vessel name Type of vessel Available accommodation capacity (pax) Functions Larger sized vessel Keyfield Wisdom 123M Accommodation Work Barge 500 • Similar functions as an AWB but on a much bigger scale • 1 out of only 2 such large-sized barges in Malaysia - 500 pax capacity, - 300MT main crane, - 2,220m2 workable deck space Subtotal 500 TOTAL 2,257 Vessel category Vessel name Type of vessel Cable load capacity (MT) Functions/ Capabilities Other types of vessels Keyfield Blessing 98M DP2 Cable-Laying Barge 7,000 • Designed to install underwater power cables • Can be retrofitted for fibre optic cables • Cable-laying plow up to 5-metre depth • Can self-propel, cable laying at speed up to 600 metres/hour TOTAL 7,000 In addition to our fleet of own vessels, we also charter third-party vessels to meet demand from our customers. In 2018, we obtained our Vessel Owner-Operator licence from PETRONAS with the SWEC code for AWBs. We further obtained 3 additional SWEC codes for AHTS, PSV and Safety Standby Vessel in 2022 and 2 additional SWEC codes for Shipyard - FPSO/FSO (Building) and Straight Supply Vessel in 2026. Our PETRONAS licence was last renewed in 2024 and remains valid until 2027, when we expect to renew it again. In 2024, we were appointed as one of the panel contractors for AWBs, AHTS and PSVs under PETRONAS’ PCC. This appointment is valid for a period of 3 years from the date of issuance by the respective PACs, unless earlier terminated. PETRONAS has the option to extend the appointment for an additional 3 years. No. SWEC Code SWEC Code Holder Panel Contractor 1 21121510S Accommodation Work/Construction Y Y 2 21121511S Anchor Handling Tug (AHT)/Anchor Handling Tug & Supply (AHTS)/Tow Tug Boat Y Y 3 21121518S Platform Supply Vessel Y Y 4 21121519S Safety Standby/General Purpose/Utility Vessel Y N 5 21121638S Shipyard - FPSO/FSO (Building) Y N 6 21121520S Straight Supply Vessel Y N Our appointment as a panel contractor under the PCC grants us the opportunity to participate directly in tenders issued by PCSB and PACs for AWBs, AHTS and PSVs, thereby providing us with a competitive advantage, as only a limited number of companies in Malaysia were appointed as panel contractors under the PCC. In 2025, in addition to vessels currently serving the oil and gas industry, Keyfield expanded its capabilities by venturing into the cable‑laying industry through the acquisition and deployment of Keyfield Blessing, a DP2 cable‑laying barge to the Middle East. Such diversification strengthens our ability to support offshore infrastructure projects, on top of our accommodation and offshore support vessel services. BUSINESS OVERVIEW (CONT’D) 23 Annual Report 2025
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