MISC Integrated Annual Report 2020

///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 154 MISC Berhad / Integrated Annual Report 2020 7 155 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section OFFSHORE BUSINESS 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 for national and international energy companies. We possess 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’s business reach spans Malaysia, Vietnam, Thailand, Brazil and other strategic locations to meet the global demands of the energy industry. KEY HIGHLIGHTS FINANCIAL PERFORMANCE 98.86% FPSO average uptime of 100% FSO average uptime of Mero 3 FPSO Awarded the project by Petrobras 99.34% Fleet average uptime of million million RM1,289 Revenue RM566 Operating Profit 0.22 ZERO Strong HSSE culture with fatality recorded LTIF of and Malaysia Vietnam Offshore Terminal (L) Limited (MVOT)’s FSO Golden Star successfully received the 1 condensate for the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam st Created by Oleksandr Panasovskyi from the Noun Project 5 Extended contract with Shell for FPSO Espirito Santo by another years Further details on Offshore Business https://www.misc.com.my/solutions/offshore-business BUSINESS REVIEW