MISC Advancing Offshore Solution

1. 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

2. Contents 1 MISC Strength in Marine and Oil & Gas Industry MISC Experience In Developing Sabah’s Potential 2 MISC Journey Continue to Fuel Sabah’s Growth 3 Questions & Answers 4

3. MISC BerhadStrength in Marine and Oil & Gas

4. 46 years of experience MISC Berhad From purely a shipping line to becoming a fully integrated maritime, offshore floating solutions and heavy engineering services provider Refineries & Processing Shipping Oil & Gas Supports the demand in the Maritime and Oil & Gas industry

5. MISC Today In O&G Sector Continue to gain experience in developing various products & technology offerings • Seconddeepwater facility for Malaysia • Malaysia’s first LNG regasification terminal • Conversion of own LNG vessels into FSU facilities • Able to receive and discharge LNG simultaneously • Construction of inaugural Mobile Offshore Production Unit (MOPU) specifically for commercialization of marginal field • The first Tension Leg Platform (TLP) to be deployed in Malaysia • The third floating platform for deepwater fields in the country • Largestoffshore facility in Malaysia and South East Asia • Conversion works completed at both MMHE and Keppel Yard

6. The Capability Gained 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 • 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 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

7. 1st FPSO 1st Deep water 1st Semi- sub MISC Offshore • A decade of experience in delivering projects and operating offshore floating facilities • 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. • 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. • 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.

8. MISC Offshore • 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

9. MISC Experience in Developing Sabah’s Potential

10. MISC Offshore The experience gained in developing Sabah FPSO Kikeh FPS GumusutKakap Siakap North Petai

11. MISC OffshoreUnleashing Sabah’s Potential Sabah Field Structure 21%: Marginal field 29%: Deep water field Challenges Challenges Deep water field by hydrocarbon Marginal field by hydrocarbon Opportunity field in Sabah – Appraising, Developing, Await dev. Approval & Discovery field Sabah • 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

12. MISC Journey Continue to Fuel Sabah’s Growth

13. MISC OffshoreThe Journey continues to fuel Sabah’s growth Conventional Floating Facilities Innovative and Cost Effective Facilities • Marginal field and Improved Recovery Methods • Marine Mobile Production Unit (MaMPU) • Mobile Water Injection Facilities (WIF) Vast experience in shallow and deep water fields FPSO 10 years experience Sabah FSO 10years experience MOPU 4years experience Our floating solution Semi- submersible Reliable . Repeatable . Relocatable

14. Questions & Answers

15. Thank You