Yinson Annual Report 2021

132 YINSON HOLDINGS BERHAD SECTION 05 : OUR CAPITALS SOCIAL & RELATIONSHIPS CAPITAL CLIENTS Yinson seeks to conduct our business with reputable clients, which allows us to limit or remove counterparty risk. Yinson’s FPSO market has, as always, been relatively resilient to volatility in the oil & gas market. Yinson’s strategy for expanding our client base amidst this positive trend is found within the External Environment and MD&A sections of this Report. BUSINESS DIVISION CLIENT DESCRIPTION CLIENT LIST KEY CLIENT ENGAGEMENTS IN FYE 2021 Offshore Production Oil companies engage us to build and operate assets for the extraction of hydrocarbons at their fields. t &OJ (IBOB B XIPMMZ PXOFE subsidiary of Eni SpA) (“Eni”) t 1FUSØMFP #SBTJMFJSP 4 " t +9 /JQQPO 0JM BOE (BT Exploration (Malaysia) Limited t 154$ t "EEBY 1FUSPMFVN i"EEBYw t '*345 & 1 t .POUIMZ PQFSBUJPOT NFFUJOHT with all clients. t 4FOJPS PQFSBUJPOT NBOBHFNFOU meetings with senior management of Addax and Eni. t 4BGFUZ DPPSEJOBUJPO NFFUJOHT t 4UBSU VQ QMBOOJOH NFFUJOHT GPS FPSO Abigail-Joseph. t "E IPD DPOUSBDUVBM NFFUJOHT with clients as and when required. Renewables Large power utilities or other power trading counterparties engage us to provide power to the relevant power grid, generated from renewable assets. t /51$ -JNJUFE t 4JUF WJTJUT t 3FHVMBS FOHBHFNFOU communication and dialogue. t .POUIMZ KPJOU NFUFS SFBEJOH verification. t 4DIFEVMFE SFQPSUT Offshore Marine Offshore asset owners engage us to support their asset operations through services such as cargo and personnel transfer, provision of food and accommodation, anchor handling, tanker lifting, static tow and rig moves. t 3FQTPM 0JM (BT .BMBZTJB Limited t .BMBZTJB 7JFUOBN 0GGTIPSF Terminal (L) Limited t 1&530/"4 $BSJHBMJ 4EO #IE Uzma Bhd t 155 &YQMPSBUJPO BOE 1SPEVDUJPO Public Company Limited t "OOVBM DMJFOU TVSWFZ BOE feedback review, annual Health Safety Security Environment and CEO forums. t .POUIMZ WJSUVBM NFFUJOH PO hire/ off hire site survey. t 2VBSUFSMZ TJUF FOHBHFNFOU GOVERNMENTS AND REGULATORY BODIES Yinson ensures our compliance with applicable legislation in order to maintain our license to operate. We are committed to providing information in a transparent and reliable manner that allows the correct assessment of the issues inherent to our business. KEY ASSET REGULATORY BODIES ENGAGED METHODS OF ENGAGEMENT FPSO JAK Host country: Ghana Flag country: Singapore t 1FUSPMFVN $PNNJTTJPO t (IBOB 3FWFOVF "VUIPSJUZ t (IBOB *NNJHSBUJPO 4FSWJDF t &OWJSPONFOUBM 1SPUFDUJPO "HFODZ t 3FHJTUSBS (FOFSBM T %FQBSUNFOU t %JTUSJDU "TTFNCMJFT t (IBOB .BSJUJNF "VUIPSJUZ t #BOL PG (IBOB t 3FHVMBUPSZ USBJOJOH BOE CSJFmOHT t $PNQMJBODF XJUI RVBSUFSMZ BOE BOOVBM SFQPSUT PO local content. t "QQMJDBUJPO GPS SFHVMBUPSZ BQQSPWBMT BOE consents. t "OOVBM BVEJUT BOE NPOJUPSJOH BOE JOTQFDUJPO t 8PSL BOE SFTJEFOU QFSNJU JTTVBODFT t "DDFTT UP UIF WFTTFM BOE PQFSBUJPOT CBTFT JO Accra and Takoradi to conduct assessments to issue our various permits and licenses. External environment, pg 62; MD&A, pg 17