MISC Advancing Offshore Solution By Tuan Haji Abu Fitri Abdul Jalil | Vice President, MISC Offshore Business Sabah Oil & Gas Conference and Exhibition | 26th May 2014 MISC Strength in Marine and Oil & Gas Industry MISC Experience In Developing Sabah’s Potential MISC Journey Continue to Fuel Sabah’s Growth Questions & Answers MISC Berhad Strength in Marine and Oil & Gas From purely a shipping line to becoming a fully integrated maritime, offshore floating solutions and heavy engineering services provider Shipping LNG Business Delivers 10% of the world’s LNG with over three decades of proven operation excellence Chemical Business Delivers freighting solutions for vegetable oil & chemical products Petroleum Business A fleet of 74 petroleum tankers that ply worldwide serving IOCs, NOCs, refiners and traders. A market leader in lightering operations for US Gulf ship-to-ship transfers Oil & Gas Refineries & Processing Offshore Business A decade of experience in delivering projects and operating offshore floating facilities Tank Terminal Joint venture with Vitol Holding B.V expands worldwide presence and logistics asstes in 11 countries with a terminal storage capacity of 8.1 million cbm MMHE Yard Supports the oil & gas industry through three core areas: offshore construction, offshore conversion and marine repair Supports the demand in the Maritime and Oil & Gas industry Continue to gain experience in developing various products & technology offerings Construction of inaugural Mobile Offshore Production Unit (MOPU) specifically for commercialization of marginal field Malaysia’s first LNG regasification terminal Conversion of own LNG vessels into FSU facilities Second deepwater facility for Malaysia Able to receive and discharge LNG simultaneously The first Tension Leg Platform (TLP) to be deployed in Malaysia Conversion works completed at both MMHE and Keppel Yard Largest offshore facility in Malaysia and South East Asia The third floating platform for deepwater fields in the country The passion continues in developing and grooming local talents for capability building The acquisition is an integral part to grow energy related heavy engineering expertise Specialized petroleum services provider in supporting the oil & gas value chain The only Malaysian yard that builds deepwater and heavy tonnage offshore structures Completed 143 projects for NOCs and IOCs The only Malaysian yard that offers repair, refurbishment services to energy vessels and conversion of tankers, offshore rigs into FSOs & FPSOs Repaired more than 3,000 vessels FVSB has exceeded clients expectations in terms of safety and operation Operate a fleet of 74 crude oil and product tankers Fleet consists of Aframax, Suezmax, VLCC and mid-range (MR) tankers, trading worldwide for IOCs, refiners and traders A market leader in lightering operations for US Gulf ship-to-ship transfer Entered specialist sectors such as Dynamic Positioning (DP) shuttle tankers and marine well containment logistics Lost Time Incidents Frequency (LTIF) and Total Recordable Case Frequency (TRCF) performance achieve Extremely High “World Class Standard” 19,913,419 man hours without LTI Consistent high uptime of over 99% of all floating facilities A decade of experience in delivering projects and operating offshore floating facilities 2004 FPSO Bunga Kertas FSO Angsi MISC’s inaugural entry as owner and operator of offshore floating facilities. 2006 FPSO Brasil FSO Cendor FSO Abu MISC’s new frontier into the Brazilian waters. 2007 - 2008 FPSO Kikeh (2007) FSO Puteri Dulang (2008) MISC’s significant milestone in Malaysia’s foray into offshore deepwater development and certified with ISO 9001:2008. 2011 – to date MOPU II (2011) Semi-Sub FPS Gumusut Kakap (2013) FPSO Cendor (2014) MISC’s largest offshore facility in Malaysia and South East Asia. 2009 - 2010 FPSO Espirito Santo (2009) FSO Orkid (2009) FPSO Ruby II (2010) MOPU I (2010) MISC’s inaugural Mobile Offshore Production Unit specifically for commercialization of marginal field. Solid foundation in the offshore industry to offer comprehensive solutions for deep water and small field developments. Preferred World Class Offshore Floating Facilities Solutions Provider Marked as 5th FPS operator and owner in the world with 14 assets 1st Malaysian company in Brazillian waters Owns 50% of the total floating facilities in Malaysia Contributes 20% to Malaysia’s Oil Production A leading O&M operator of floating facilities in Malaysia MISC Experience in Developing Sabah’s Potential FPSO Kikeh FPS Gumusut Kakap Siakap North Petai The first and largest FPSO for deepwater development project in Malaysia integrated to DTU SPAR, first of its kind to be used outside the Gulf of Mexico via GAP system. Largest Semi-Sub FPS in the world fully fabricated and integrated on land. 65% of the total O&M strength comes from the people of Sabah. Fabrication and lifting of 3 new modules on FPSO Kikeh with > 1,000,000 manhours without LTI. Commissioining work done on a live floating facility. MISC Offshore Unleashing Sabah’s Potential Sabah Field 29%: Deep water field Structure 21%: Marginal field 9 oil, gas, 6 29% 71% Gas, 8 4 oil, 5 Gas condensate, Gas, 1 condensate, oil, 1 Deep water field by hydrocarbon Opportunity field in Sabah – Appraising, Developing, Await dev. Approval & Discovery field Challenges 2 1 Gas Oil oil, gas oil, gas, cond Marginal field by hydrocarbon Sabah Challenges Unprecedented level of capital commitment Increasing technological challenge Small & short-lived resources Lack of infrastructure in the urbanity Prohibitive development costs & technological constraints Sabah Logistics & Infrastructure The need to adequately up size the infrastructure to accommodate the entire development Logistics . Warehousing . Supply base . Vendor Support MISC Journey Continue to Fuel Sabah’s Growth MISC Offshore The Journey continues to fuel Sabah’s growth Conventional Floating Facilities Vast experience in shallow and deep water fields FPSO 10 years experience Innovative and Cost Effective Facilities Marginal field and Improved Recovery Methods Marine Mobile Production Unit (MaMPU) Mobile Water Injection Facilities (WIF) Sabah FSO 10 years experience MOPU 4 years experience Semisubmersible Our floating solution Reliable . Repeatable . Relocatable Questions & Answers Thank You