Integrated Annual Report 2021

WHAT WE OWN/OPERATE * Includes one Panamax tanker currently trading crude oil FLOATING STORAGE UNIT (FSU) An FSU is a flexible LNG storage solution and provides an alternative to land-based facilities. LNG BUNKER VESSEL (LBV) An LBV is a small-scale LNG vessel used to supply LNG as marine fuel (bunker) to LNG-fuelled vessels via ship-to-ship transfer operations. This vessel can also be utilised for smallscale LNG transportation, and for Gas Up Cool Down (GUCD) operations for conventional LNG vessels. VERY LARGE ETHANE CARRIER (VLEC) A specialised gas carrier which transports very large quantities of liquified ethane for trading over long distances, for example between North America and the Far East. The vessel transports ethane at -94° Celsius in membrane tanks and is equipped with dual-fuel propulsion and reliquefaction systems. We own and operate a diversified fleet of specialised assets and conventional tankers in all key geographies to deliver services to the global energy companies, refiners and traders. Our product fleet transports a wide range of petroleum products, chemicals and vegetable oils. Our specialised assets provide critical support to the oil and gas industry. SUEZMAX TANKER Tanker vessel with a capacity of shipping approximately 1 million barrels of crude oil, with the flexibility to do longer-haul cargo as well as shorter regional trades. VERY LARGE CRUDE CARRIER (VLCC) A VLCC has the capacity to transport approximately 2 million barrels of crude oil over long distances to facilitate inter-regional trade. DYNAMIC POSITIONING SHUTTLE TANKER (DPST) A DPST utilises dynamic positioning technology to load crude from remote offshore production facilities and transports it to the shore for storage or distribution. LIGHTERING SUPPORT VESSEL (LSV) Transports equipment and crew to conduct ship-to-ship cargo transfer operations. LR2 TANKER Coated tanker with the capacity to transport approximately 0.7 million barrels and able to carry both clean and dirty products in regional trades. AFRAMAX TANKER* An Aframax tanker has the capacity to transport approximately 0.7 million barrels of crude oil. Used to carry crude oil or dirty products such as fuel oil in mainly regional trades. FPSOs and FSOs have become an effective way of extracting hydrocarbons in many offshore oil and gas producing regions around the world. Vessel sizes depend on the oil and condensed storage capacity requirements and the vessels are secured to the seabed via mooring systems which are determined by the environment in which they operate. SEMI-SUBMERSIBLE FLOATING PRODUCTION SYSTEM (SEMI-FPS) A large pontoon-like structure submerged below the sea surface at a predetermined depth with an FPS that receives fluids such as crude oil, water and others from a subsea reservoir through risers. Topside production facilities separate the fluids into crude oil, natural gas, water and impurities. Our semi-FPS operates at a depth of 1,400 metres. The oil is exported via a 200-kilometre long pipeline to an oil and gas terminal in Kimanis, Sabah. FLOATING PRODUCTION, STORAGE AND OFFLOADING (FPSO) A vessel-type production system that receives full well stream fluids such as crude oil, water and others from a subsea reservoir through risers. It has topside production facilities that separate the fluids into crude oil, natural gas, water and impurities. It also has storage tanks where processed crude oil is stored. Crude oil is offloaded onto tankers for further refining onshore. It can be designed with the capability of staying on location for continuous operations for 20 years or longer. FLOATING STORAGE AND OFFLOADING (FSO) Simpler than an FPSO, an FSO unit does not have production processing capabilities. It is normally integrated with other production systems such as fixed platforms, mobile offshore production units (MOPU), and tension leg platforms (TLP). An FSO is also equipped to store and offload crude oil to a tanker. HEAVY ENGINEERING ASSETS We have the largest fabrication area by tonnage capacity in Malaysia, to provide engineering, procurement, construction, installation and commissioning (EPCIC) of complex structures for offshore and onshore facilities. LNG carriers (LNGCs) transport natural gas in a liquid state, allowing it to be moved across oceans without pipelines. The containment systems on board the vessels are capable of storing natural gas at below its boiling point of -162° Celsius. At this temperature, the gas turns to liquid, thus reducing volume by 600 times. MISC’s fleet of LNGCs utilise two types of containment systems, known as membrane and Moss types. GAS ASSETS & SOLUTIONS MOSS-TYPE LNGC A Moss-type vessel has self-supporting spherical tanks making it more robust and resistant to sloshing. It possesses a higher degree of operational flexibility for worldwide trading capability including the ability to load cargos at a floating liquefied natural gas (FLNG) unit. MEMBRANE-TYPE LNGC The membrane-type system is more space efficient and has a higher capacity than a Moss-type vessel of the same dimension. PETROLEUM & PRODUCT SHIPPING MODULAR CAPTURE VESSEL (MCV) A modular Aframaxsized vessel that combines FPSO and dynamic positioning technology in a single hull to enable safe capture of hydrocarbons. The MCV is part of an innovative marine system solution designed to respond to a subsea well control incident. CHEMICAL TANKER Transports a variety of chemicals and vegetable oils in both inter and intra-regional trades. OFFSHORE BUSINESS MARINE & HEAVY ENGINEERING MARINE BUSINESS ASSETS Our well-equipped yard includes three dry docks, land berths, quays and a shiplift. These facilities enable us to perform repair works, maintenance, marine conversion and refurbishment of a wide range of vessels. The assets we own and operate are those which enable us to provide comprehensive marine services for a wide range of offshore facilities and vessels within our six major solutions of offshore, onshore, conversion, marine repair and refurbishment, plant maintenance and turnaround and other services. 5 VESSELS 4 VESSELS 8 VESSELS 23 VESSELS 6 VESSELS 8 VESSELS 2 VESSELS 1 VESSEL 6 VESSELS 5 UNITS 1 UNIT 25 VESSELS 11 VESSELS 2 VESSELS WHO WE ARE 6 UNITS VESSELS 5 MISC Berhad 12 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 13