WHAT WE DO 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. OFFSHORE BUSINESS Physical Capital • 12 offshore floating solutions • 1 FPSO under construction Services Performed • Engineering, procurement, construction, installation, commissioning, operations and maintenance, decommissioning and demobilisation (EPCICODD) solutions • Own, operate and maintain offshore floating assets to extract, store and offload hydrocarbons to shuttle tankers Competitive Advantage • Highly skilled workforce • Strong relationships of mutual trust with key Asia-based partners, subcontractors and suppliers • Outstanding contractual deliveries 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 and tension leg platforms. An FSO is also equipped to store and offload crude oil to a tanker. SEMI-SUBMERSIBLE FLOATING PRODUCTION SYSTEM (SEMI-FPS) HEAVY ENGINEERING ASSETS FLOATING STORAGE AND OFFLOADING (FSO) FLOATING PRODUCTION, STORAGE AND OFFLOADING (FPSO) MARINE BUSINESS ASSETS 1 UNIT 6 VESSELS 5 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. MARINE & HEAVY ENGINEERING Physical Capital • Dry Dock 1,2 and 3 • Fabrication yards • Land berth cranes Services Performed • Heavy Engineering Segment - Wide range of EPCIC services for offshore facilities - Fabrication services for onshore modules and facilities • Marine Segment - Conversion of offshore facilities in one location - Repair and refurbishment for various types of vessels, rigs and marine facilities • Plant Maintenance and Turnaround - Plant shutdown and maintenance - Routine maintenance and upgrading works Competitive Advantage • Own and operate one of the region’s largest marine and heavy engineering facilities • The only Malaysian yard with the capacity and skills to undertake complex offshore mega structures and marine facilities projects We have the largest fabrication area by tonnage capacity in Malaysia, to provide EPCIC of complex structures for offshore and onshore facilities. 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. 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. 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. Who We Are Who We Are 13 12 MISC Berhad Integrated Annual Report 2022
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