Yinson Annual Report 2021

99 ANNUAL REPORT 2021 OFFSHORE PRODUCTION DIVISION PROGRESS IN FYE 2021 FOCUS FOR FYE 2022 Acquisition t 4JHOFE FYDMVTJWF QVSDIBTF PQUJPO GPS '140 /HBOIVSSB in preparation for a new FPSO redeployment project. t 1BSRVF EBT #BMFJBT '140 BXBSE XBT EFGFSSFE UP ':& 2022, rebid is anticipated to be delivered in May 2021. t #VJMU VQ B TPMJE CBTF PG QSPKFDU UBSHFUT JODMVEJOH TFWFSBM to be bid in FYE 2022. t 1BSUJDJQBUFE JO WJSUVBM FYIJCJUJPOT BOE NBSLFUJOH activities. t 4FDVSF B HPPE SFEFQMPZNFOU QSPKFDU for FPSO Nganhurra. t 4FDVSF POF '140 DPOWFSTJPO DPOUSBDU t (FU JO QPTJUJPO UP TFDVSF POF UP UXP more projects in FYE 2023. t $POUJOVF CVJMEJOH B TPMJE CBTF PG project targets for the years to come. t $POUJOVFE NBSLFUJOH FGGPSUT GPS Offshore Production Division. Development t '140 "CJHBJM +PTFQI BDIJFWFE mSTU PJM PO 0DUPCFS t '140 "OOB /FSZ BDIJFWFE NJMMJPO NBO IPVST -5* GSFF t $POTUSVDUJPO PG '140 "OOB /FSZ QSPHSFTTFE BDDPSEJOH to project schedule. t 1SPHSFTT XJUI DPOWFSTJPO XPSLT GPS FPSO Anna Nery as per project schedule. t 1SFQBSF JOUFSOBM JOGSBTUSVDUVSF GPS possible project awards. Operations t '140 "CJHBJM +PTFQI BDIJFWFE mSTU FYQPSU PO 12 January 2021. t '140 )FMBOH BDIJFWFE NJMMJPO CBSSFMT PO 12 November 2020. t '140 "EPPO BDIJFWFE ZFBST -5* GSFF t #SB[JM BOE /FUIFSMBOET PGmDFT PQFSBUJPOBM BOE TUBGGFE BT per project schedule for FPSO Anna Nery project. t )FBMUI BOE TBGFUZ NFBTVSFT JOUFOTJmFE BT B SFTQPOTF UP Covid-19 risks. t .BJOUBJO FYDFMMFOU nFFU VQUJNF records for all FPSOs in operation. t *NQSPWF BOE NBJOUBJO TBGFUZ SFDPSET for all FPSOs in operation. t $POUJOVBMMZ BEBQU UP TBGFUZ BOE operations risks due to Covid-19. Project phase updates Our assets under construction during FYE 2021, FPSO Abigail-Joseph and FPSO Anna Nery, were not spared from the global supply chain disruption and movement control restrictions. Throughout the year, our crew’s health, safety and wellbeing remained our top priority, and we worked closely with our vendors, clients and regulators to manage challenges arising from Covid-19. FPSO ABIGAIL-JOSEPH OVERVIEW Activity Date Contract award 28 February 2019 First delivery of steel and pipe materials 9 July 2019 Vessel arrival at shipyard 28 July 2019 Completion of demolition scope 15 September 2019 Installation of metering skid and steel integration 7 October 2019 Completion of dry dock 5 December 2019 Completion of riser balcony structural work 7 December 2019 Accommodation ready for habitation 14 December 2019 Flash Gas/ HP compressors skids installation and integration 27 December 2019 Departure to field 26 February 2020 Hook-up commenced 13 August 2020 Hook-up completed 7 September 2020 Received First Oil Certificate 28 October 2020 Completion of tanks and hull coating 3 January 2021 Group Investment Policies, pg 84; Industry, pg 134 Offshore health and safety, pg 125 Covid-19: Yinson's new normal, pg 69; Offshore health and safety, pg 125 MANUFACTURED CAPITAL