10 11 MISC BERHAD INTEGRATED ANNUAL REPORT 2023 www.miscgroup.com ABOUT MISC SECTION 2 What We Do What We Do Please refer to Petroleum & Product Shipping Business Review on page 83 for more information. Petroleum & Product Shipping We own and operate a diverse fleet of conventional tankers and specialised assets in all key geographies to deliver services to global energy companies, refiners and traders. Our product fleet transports a wide range of petroleum products and our specialised assets provide support to the oil and gas industry. We remain at the forefront of advancing shipping solutions across the industry with modern and eco-efficient vessels including LNG dual-fuel vessels. 02 Please refer to Gas Assets & Solutions Business Review on page 80 for more information. Gas Assets & Solutions Our Gas Assets & Solutions (GAS) segment specialises in transporting liquefied natural gas (LNG) and ethane while continuously looking into new opportunities for gas asset-based solutions. We prioritise operational excellence, backed by strong track record of timely deliveries. Our continuous investments in modern, fuel-efficient LNG carrier (LNGC) vessels and new technologies reinforce our competitive edge. 01 Fleet Strength • 40 vessels • 14 vessels under construction LNG Bunker Vessel (LBV) An LBV supplies LNG as marine fuel (bunker) to LNG-fuelled vessels via ship-to-ship transfer operations. Floating Storage Unit (FSU) An FSU is a flexible LNG storage solution and an alternative to land-based facilities. Very Large Ethane Carrier (VLEC) A VLEC is a specialised gas carrier that transports liquefied ethane at -94° celsius in membrane tanks for over long distances. The vessel is equipped with dual-fuel propulsion and reliquefaction systems. Moss-type LNGC The Moss-type vessel has self-supporting spherical tanks that is robust and reduces sloshing. Membrane-type LNGC The membrane-type system has a higher capacity than Moss-type vessel with space efficient containment systems. 26 vessels 5 vessels Suezmax Tanker A suezmax tanker has a capacity of shipping approximately one million barrels of crude oil, with the flexibility to do longer-haul cargo as well as shorter, regional trades. Very Large Crude Carrier (VLCC) A VLCC has the capacity to transport approximately two million barrels of crude oil over long distances to facilitate inter-regional trades. 13 vessels 6 vessels 1 vessel 2 vessels 6 vessels Fleet Strength Please refer to Offshore Business Review on page 86 for more information. Offshore Business We are owners and operators of floating production systems across various locations globally, offering a comprehensive suite of services tailored to meet the dynamic floating solutions needs of the offshore business landscape from shallow to ultra-deepwater field developments. 03 Fleet Strength • 13 offshore floating solutions Semi-Submersible Floating Production System (Semi-FPS) A Semi-FPS is equipped with a production facility that separates fluids received from a subsea reservoir through risers into crude oil, natural gas, water and impurities. The extracted oil is exported via a pipeline to an oil and gas terminal, operating at a depth of approximately 1,400 meters. 1 Unit Floating Production, Storage And Offloading (FPSO) An FPSO is a vessel-type production system that is designed to stay on location for 20 years or more of continuous operations. It is equipped with production facilities that separate fluids received from a subsea reservoir. Processed crude oil is stored in tanks and offloaded onto tankers for further refining onshore. 7 vessels Floating Storage And Offloading (FSO) Simpler than an FPSO, an FSO unit does not have production processing capabilities. It is normally integrated with other production systems such as fixed platforms, mobile offshore production units and tension leg platforms. An FSO is also equipped to store and offload crude oil to a tanker. 5 vessels • 64 vessels Long Range 2 (LR2) Tanker An LR2 tanker is a coated tanker with the capacity to transport approximately 0.7 million barrels and able to carry both clean and dirty products in regional trades. Lightering Support Vessel (LSV) An LSV transports equipment and crew to conduct ship-to-ship cargo transfer operations. Dynamic Positioning Shuttle Tanker (DPST) A DPST utilises dynamic positioning technology to load crude from remote offshore production facilities and transports it to the shore for storage or distribution. Aframax Tanker An aframax tanker has the capacity to transport approximately 0.7 million barrels of crude oil. Used to carry crude oil or dirty products such as fuel oil in mainly regional trades. * Includes 2 modular capture vessels (MCVs). 17 vessels 18 vessels* 8 vessels 2 vessels As at 1 March 2024 As at 1 March 2024
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