Yinson Annual Report 2019

Our business Yinson’s services contribute to the ‘development’ and ‘production’ phases of the offshore oil and gas field lifecycle. In the ‘development’ phase, a series of plans are developed to outline how the field can be optimised, while in the ‘production’ phase, hydrocarbons are produced and processed. An FPSO vessel is designed to receive and process hydrocarbons, then store it until it can be offloaded. Currently, most of Yinson’s revenue is derived from the Offshore segment of our business. Yinson operates a “design, construct, own, lease and operate” model for our floating production assets. We design and construct the units, then lease them, while also providing operations and maintenance services. Essentially, Yinson provides working capital to oil producers and field operators – we are the de facto production arm of these companies. Yinson’s Marine segment is a supporting revenue stream for the Company, where we own, operate and charter OSVs to support services to the oil and gas industry. Offshore oil and gas field lifecycle Seismic Survey Geological and geophysical mapping via seismic survey Exploration and Appraisal Wildcat wells drilled to assess the potential discovery of oil and gas Development Pre-FEED and FEED studies Fabrication and procurement Production Extraction, processing and export of hydrocarbons Decommissioning Decommissioning of end-of-field infrastructure Primary revenue stream Floating production assets FPSOs 5 FSO 1 Supporting revenue stream OSVs and other assets PSV 1 AHTs 3 FPSO Floating, Production, Storage and Offloading FSO Floating, Storage and Offloading FEED Front End Engineering Design OSV Offshore Support Vessel PSV Platform Supply Vessel AHT Anchor Handling Tug Oil tanker 1 Yinson Holdings Berhad ANNUAL REPORT 2019 10