Strengthened our ability to expand our market footprint and deliver stronger business proposition During the year, we identified and assessed potential partnerships with Saudi Arabian companies for Aramco’s Long-Term Agreement (LTA) contracts which is in line with our strategy to expand our market footprint in the Middle East. In line with our strategy to venture into offshore wind farm and modular structures, we entered into an MoU with KBR covering collaborations on offshore wind farm, offshore oil and gas platform and oil and gas modular structures (offshore and onshore) for the Asia Pacific region. Entered MoU with KBR on collaborations for offshore wind farm, offshore oil and gas platform and oil and gas modular structures (offshore and onshore) for the Asia Pacific region Plant Turnaround & Shutdown Maintenance • Daily Maintenance - 350,000 manhours • Turnaround - 497,500 manhours Idemitsu Plant Turnaround 144,000 manhours 1st Malaysian company to obtain the Canadian Standard Association (CSA) Standard W47.1 Certification of Companies for Fusion Welding of Steel by the Canadian Welding Bureau (CWB) Completed our first turnaround plant maintenance offsite the MMHE yard In 2021, the Plant Turnaround & Shutdown Maintenance segment completed our first turnaround plant maintenance offsite the MMHE yard at Idemitsu plant owned by Idemitsu Kosan Company, Ltd., a Japanese petroleum company. The turnaround project at Idemitsu plant consisted of a 44-day contract comprising shutdown, mechanical day and start up. We continued our focus to further strengthen this segment by identifying and assessing a reliable and reputable new partner for PETRONAS TA4MS contract. MARINE & HEAVY ENGINEERING BUSINESS REVIEW Completed a feasibility study on the best upgrading option to achieve dock-to-quay ratio of 1:2 Redeployed our Marine employees to work on Heavy Engineering sub-projects and FAS maintenance works Upskilled Marine workers to undertake interdivisional works and projects In 2021, we saw a reduction in the number of marine projects due to the impacts of the ongoing COVID-19 pandemic. We redeployed our workers on the projects we had in hand, by upskilling them. In 2021, approximately 74 Heavy Engineering Operation sub-projects and 49 Facilities & Asset Services (FAS) maintenance works were performed by Marine workers. Identified plan to increase marine capacity In line with our plan to upgrade our berthing facilities, we completed a feasibility study on the best upgrading option to achieve dock-to-quay ratio of 1:2 to optimise our marine capacity. Our plan is to begin upgrading works in 2022. Continued to strengthen our offshore wind farm proposition In 2021, the collaborative agreement we had entered into with Smulders in 2019 to fabricate and assemble works in Asia for offshore wind farm projects resulted in us being awarded a contract for technical manpower to assist in the execution of the Greater Changhua Wind Farm Project in Taiwan. By providing our technical expertise to a Taiwanese fabricator in the execution of a wind farm project, we have been able to gain a deeper understanding of the Taiwanese wind farm market. We have submitted a total of nine bids for wind farm projects in collaboration with Smulders. Obtained contract for technical manpower to assist in the execution of the Greater Changhua Wind Farm Project in Taiwan Strengthened our modular structure capabilities MHB has obtained the CSA Standard W47.1 Certification of Companies for Fusion Welding of Steel by the CWB. This makes us the first Malaysian company to obtain the certification, thus providing our potential clients assurance of our capability. MISC Berhad 148 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 149
RkJQdWJsaXNoZXIy NDgzMzc=