Integrated Annual Report 2024

INTEGRATED ANNUAL REPORT 2024 8 9 SECTION 2: ABOUT MISC www.miscgroup.com MISC BERHAD Our Businesses Our Businesses Fleet Strength 5 Moss-type LNGCs The Moss-type vessel has self-supporting spherical tanks that are robust and reduces sloshing. 22 Membrane-type LNGCs The membrane-type system has a higher capacity than Moss-type vessels due to its space-efficient containment systems. GAS ASSETS & SOLUTIONS Our Gas Assets & Solutions (GAS) segment specialises in transporting liquefied natural gas (LNG) and ethane, as well as providing asset-based solutions, leveraging decades of expertise. We prioritise operational excellence, backed by a strong track record of timely deliveries, while selectively investing in modern, fuel-efficient assets and venturing into new energy solutions to solidify our role in the global energy transition. Please refer to Gas Assets & Solutions Business Review on page 78 for more information. 19 vessels under construction 36 vessels 1 FSU under conversion 1 Semi-submersible Floating Production System (Semi-FPS) A Semi-FPS is an offshore platform that floats on the surface of the water, supported by submerged pontoons. It is equipped with production facilities to process hydrocarbons by separating fluids received from a subsea reservoir through risers into crude oil, natural gas, water and impurities. The extracted oil is exported via pipeline to an oil and gas terminal, operating at a depth of approximately 1,400 meters. Please refer to Offshore Business Review on page 84 for more information. OFFSHORE We are owners and operators of floating production systems across various locations globally, offering a comprehensive suite of services tailored to meet the dynamic floating solutions needs of the offshore business landscape, from shallow to ultra-deepwater field developments. 12 offshore floating solutions As at 20 February 2025 Fleet Strength 6 Floating Production, Storage and Offloading (FPSOs) An FPSO is a vessel-type unit that combines the functions of production, storage and offloading of oil and gas. It is equipped with processing facilities and designed for permanent mooring at a location for long periods i.e. 20 years or more of continuous operations. The production facilities on board separate oil, gas and water from hydrocarbons received from a subsea reservoir. After processing, the oil is stored in the FPSO’s tanks and later offloaded to shuttle tankers or pipelines to onshore receiving facilities. 5 Floating Storage and Offloading (FSOs) An FSO unit is primarily used for the storage and offloading of oil and gas and it does not have any production processing capabilities. It is normally integrated with other production systems, such as fixed platforms, mobile offshore production units and tension leg platforms. FSOs receive hydrocarbons from nearby production platforms or subsea wells, store them and later offload the stored oil to a shuttle tanker. 6 Suezmax Tankers A Suezmax tanker has a capacity of approximately one million barrels of crude oil, with the flexibility to ship both long-haul cargo and shorter, regional trades. 13 Very Large Crude Carriers (VLCCs) A VLCC has the capacity to transport approximately two million barrels of crude oil over long distances to facilitate global trades. PETROLEUM & PRODUCTS We operate a modern and diverse fleet of petroleum and product tankers, including specialised vessels such as Dynamic Positioning Shuttle Tankers and Modular Capture Vessels. Our fleet is designed to deliver petroleum and refined products with a focus on safety, reliability and efficiency. Aligned with our commitment to sustainable shipping, we are advancing decarbonisation efforts through the development of LNG and ammonia dual-fuel vessels. 5 vessels under construction 66 vessels Please refer to Petroleum & Products Business Review on page 81 for more information. Fleet Strength 2 Long Range 2 (LR2) Tankers An LR2 tanker is a coated tanker with the capacity to transport approximately 0.7 million barrels of oil. It can carry both clean and dirty products and is mainly utilised for regional trade. 8 Lightering Support Vessels (LSVs) An LSV transports equipment and crew that are required to perform STS cargo transfer operations. 17 Dynamic Positioning Shuttle Tankers (DPSTs) A DPST utilises dynamic positioning technology to maintain a fixed position while loading crude oil from remote offshore production facilities located in deepwater and/or harsh weather conditions, transporting it to shore for storage or refining. 20 Aframax Tankers* An Aframax tanker has the capacity to transport approximately 0.7 million barrels of crude oil. It is used to carry crude oil or dirty products, such as fuel oil, in mainly regional trade. * Includes two modular capture vessels (MCVs). 1 LNG Bunker Vessel (LBV) An LBV supplies LNG as marine fuel (bunker) to LNG-fuelled vessels via ship-to-ship (STS) transfer operations. 2 Floating Storage Units (FSUs) An FSU is a flexible LNG storage solution and an alternative to land-based facilities. 6 Very Large Ethane Carriers (VLECs) A VLEC is a specialised gas carrier that transports liquefied ethane at -94° Celsius in membrane tanks over long distances. The vessel is equipped with dual-fuel propulsion and reliquefaction systems.

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