MISC Advancing Offshore SolutionBy Tuan Haji Abu Fitri Abdul Jalil | Vice President, MISC Offshore BusinessSabah Oil & Gas Conference and Exhibition | 26th May 2014

Contents

MISC Strength in Marine and Oil & Gas Industry1

MISC Experience In Developing Sabah’s Potential2

MISC Journey Continue to Fuel Sabah’s Growth

3

Questions & Answers4

MISC Berhad Strength in Marine and Oil & Gas

LNG BusinessDelivers 10% of the world’s LNG with over three

decades of proven operation excellence

Chemical BusinessDelivers freighting solutions for vegetable oil &

chemical products

Petroleum BusinessA 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

Offshore Business

A decade of experience in delivering projects and operating offshore floating facilities

MMHE Yard

Supports the oil & gas industry through three core areas: offshore construction, offshore

conversion and marine repair

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

MISC Berhad From purely a shipping line to becoming a fully integrated maritime, offshore floating solutions and heavy engineering services provider

Oil & Gas Refineries & Processing

Supports the demand in the Maritime and Oil & Gas industry46 years of

experience46 years of

experience

Shipping

MISC Today In O&G SectorContinue to gain experience in developing various products & technology offerings

Malaysia’s first LNG regasification terminal

Conversion of own LNG vessels into FSU facilities

Able to receive and discharge LNG simultaneously

Conversion works completed at both MMHE and Keppel Yard

Second deepwater facility for Malaysia

Largest offshore facility in Malaysia and South East Asia

The first Tension Leg Platform (TLP) to be deployed in Malaysia

The third floating platform for deepwater fields in the country

Construction of inaugural Mobile Offshore Production Unit (MOPU) specifically for commercialization of marginal field

The Capability GainedThe passion continues in developing and grooming local talents for capability building

The acquisition is an integral part to grow energy related heavy engineering expertise

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

Specialized petroleum services provider in

supporting the oil & gas value chain

FVSB has exceeded clients expectations

in terms of safety and operation 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

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

MISC OffshoreA decade of experience in delivering projects and operating offshore floating facilities

2004FPSO Bunga KertasFSO AngsiMISC’s inaugural entry as owner and operator of offshore floating facilities.

2007 - 2008FPSO 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 dateMOPU II (2011)Semi-Sub FPS

Gumusut Kakap (2013)

FPSO Cendor (2014)MISC’s largest offshore facility in Malaysia and South East Asia.

2006FPSO BrasilFSO CendorFSO Abu MISC’s new frontier into the Brazilian waters.

1st

FPSO1st

FPSO1st

Deep

water

1st

Deep

water

2009 - 2010FPSO 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.

1st

Semi-

sub

1st

Semi-

sub

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 OffshoreSolid foundation in the offshore industry to offer comprehensive solutions for deep water and small field developments.

Preferred World Class Offshore Floating Facilities Solutions Provider

MISC Experience in Developing Sabah’s Potential

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 OffshoreThe experience gained in developing Sabah

FPS Gumusut

Kakap

Siakap North Petai

FPSO Kikeh

Sabah

MISC OffshoreUnleashing Sabah’s Potential

Sabah Field Structure

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

29%

71%

Gas, 8

Gas condensate, 1

Gas, condensate, oil, 1

oil, 5

oil, gas, 6

Opportunity field in Sabah – Appraising, Developing, Await dev. Approval & Discovery field

29%: Deep water field

Gas Oil oil, gas oil, gas, cond

1

4

9

2

21%: Marginal field

Challenges Challenges

Marginal field by hydrocarbonDeep water field by

hydrocarbon

MISC Journey Continue to Fuel Sabah’s Growth

Sabah

MISC OffshoreThe Journey continues to fuel Sabah’s growth

Conventional Floating Facilities

Marginal field and Improved Recovery Methods

Marine Mobile Production Unit (MaMPU)

Mobile Water Injection Facilities (WIF)

Our floating solution

Reliable . Repeatable . Relocatable

FPSO 10 years experience

FSO

10 years experience

MOPU

4 years experience

Semi-submersible

Vast experience in shallow and deep water fields

Innovative and Cost Effective Facilities

Questions &Answers

Thank You