tanjung offshore berhad 10 tanjung kapal services sdn bhd ... dato’ dr. (h) ... peti surat 10788...

ANN

UAL

REPO

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TAN

JUN

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FFSHO

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AD

(662315-U)

ANN

UAL REPORT 2011

No. 8-3, Jalan Puncak Setiawangsa 4, Taman Setiawangsa, 54200 Kuala Lumpur.Tel: +60-3-4264 5777 Fax: +60-3-4252 2202

www.tanjungoffshore.com.my

2 CORPORATE INFORMATION

5 CORPORATE STRUCTURE

8 TANJUNG OFFSHORE BERHAD

9 TANJUNG OFFSHORE SERVICES SDN BHD

10 TANJUNG KAPAL SERVICES SDN BHD

11 TANJUNG MAINTENANCE SERVICES SDN BHD

12 TANJUNG NEWENERGY SERVICES SDN BHD

13 TANJUNG PETROCONSULT SDN BHD

14 TANJUNG CSI SDN BHD

15 PT TANJUNG OFFSHORE NUSANTARA

16 CENDOR MOPU PRODUCER LIMITED

17 GAS GENERATORS (MALAYSIA) SDN BHD

UNIVERSAL GAS GENERATORS SDN BHD

19 CORPORATE HISTORY AND MILESTONES

21 FIVE (5) YEARS GROUP FINANCIAL HIGHLIGHTS

23 NOTICE OF ANNUAL GENERAL MEETING

25 PROPOSED AMMENDMENTS TO ARTICLES OF

ASSOCIATION - APPENDIX 1

27 DIRECTORS’ PROFILE

31 CHAIRMAN’S STATEMENT

37 MANAGING DIRECTOR’S REVIEW

40 AUDIT COMMITTEE REPORT

43 STATEMENT ON INTERNAL CONTROL

44 STATEMENT OF CORPORATE GOVERNANCE

50 OTHER INFORMATION

53 FINANCIAL STATEMENTS

111 LIST OF PROPERTIES OWNED BY THE GROUP

113 ANALYSIS OF SHAREHOLDINGS / WARRANTHOLDINGS

• FORM OF PROXY

CONTENTS

TANJUNG OFFSHORE BERHAD (662315-U)

ANNUAL REPORT 2011

2

CORPORATE INFORMATION

BOARD OF DIRECTORS

Datuk Wira Syed Ali Bin Tan Sri Syed Abbas Alhabshee (Independent Non-Executive Chairman)

Haji Omar Bin Khalid (Managing Director)

Encik Harzani Bin Azmi (Deputy Managing Director)

Mr. Tan Wee Koh (Executive Director)

Dato’ Dr. (H) Ab Wahab Bin Haji Ibrahim (Independent Non-Executive Director)

Encik Edwanee Cheah Bin Abdullah (Independent Non-Executive Director)

Mr. George William Warren Jr (Independent Non-Executive Director)

Tuan Syed Yasir Arafat Bin Syed Abd Kadir (Non-Independent Non-Executive Director)

AUDIT COMMITTEE

ChairmanDato’ Dr. (H) Ab Wahab Bin Haji Ibrahim(Independent Non-Executive Director)

MemberEdwanee Cheah Bin Abdullah (Independent Non-Executive Director)

George William Warren Jr(Independent Non-Executive Director)

Syed Yasir Arafat Bin Syed Abdul Kadir(Non-Independent Non-Executive Director)

COMPANY SECRETARIES

Kang Shew Meng (MAICSA 0778565)Seow Fei San (MAICSA 7009732)

802, 8th Floor, Block CKelana Square, 17 Jalan SS7/2647301 Petaling JayaSelangor Darul Ehsan

REGISTERED OFFICE

802, 8th Floor, Block CKelana Square, 17 Jalan SS7/2647301 Petaling JayaSelangor Darul EhsanTel : 03-7803 1126Fax : 03-7806 1387

HEAD/ MANAGEMENT OFFICE

No. 8-3, Jalan Puncak Setiawangsa 4Taman Setiawangsa54200 Kuala LumpurTel : 03-4264 5777Website : http://www.tanjungoffshore.com.my

AUDITORS / REPORTING ACCOUNTANTS

AljeffriDean (Firm No.: AF 1366)Chartered Accountants2-5-13, 5th Floor, Menara KLH(Business Centre)No. 2, Jalan Kasipillay51200 Kuala LumpurTel : 03-2381 1170

LEGAL ADVISORS

Mah – Kamariyah & Philip Koh3A07, Block B, Phileo Damansara II15 Jalan 16/11, Off Jalan Damansara46350 Petaling JayaSelangorTel : 03-7956 8686

PRINCIPAL BANKERS

Malayan Banking Berhad (Company No. 3813-K)Setapak Business Centre2nd Floor, Maybank Setapak343 Jalan Pahang53000 Kuala LumpurTel : 03-4022 0784

Standard Chartered Bank Malaysia Berhad(Company No. 115793-P)Level 13, Menara Standard Chartered30 Jalan Sultan Ismail50250 Kuala LumpurTel : 03-2117 7810

AmInvestment Bank Berhad(Company No. 23742-V)Level 15, Bangunan AmBank Group55 Jalan Raja Chulan50200 Kuala LumpurTel : 03-2078 2633

AmIslamic Bank Berhad (Company No. 295576-U)Level 16, Menara DionJalan Sultan Ismail50250 Kuala LumpurTel : 03-2026 3939

Bank Pembangunan Malaysia Berhad(Company No. 16562-K)Bandar Wawasan, 1016Jalan Sultan IsmailPeti Surat 1078850724Kuala LumpurTel : 03-2611 3888


REGISTRAR

Tricor Investor Services Sdn. Bhd.(Company No. 118401-VLevel 17, The Gardens North TowerMid Valley City Lingkaran Syed Putra59200 Kuala LumpurTel : 03-2264 3883Fax : 03-2282 1886

STOCK EXCHANGE LISTING

Main Market of Bursa Malaysia Securities Berhad

STOCK INFORMATION

Stock Name: TGOFFS, TGOFFS-WA, TGOFFS-WB

Stock Code: 7228, 7228-WA, 7228-WB

Bloomberg Code: TOFF MK

3


ANNUAL REPORT 2011

4

TANJUNG OFFSHORE BERHADTANJUNG OFFSHORE SERVICES SDN BHDTANJUNG KAPAL SERVICES SDN BHDTANJUNG PETROCONSULT SDN BHDTANJUNG NEWENERGY SERVICES SDN BHDTANJUNG CSI SDN BHDKuala Lumpur (Head Office)No. 8, Jalan Puncak Setiawangsa 4,Taman Setiawangsa, 54200 Kuala Lumpur.Tel : +603 4264 5777, Fax : +603 4251 5211www.tanjungoffshore.com.my

TANJUNG MAINTENANCE SERVICES SDN BHDKemaman (Operation/Maintenance Centre)Lot D1 & D2, Kawasan MIEL Teluk Kalung,24007 Kemaman,Terengganu Darul Iman,Malaysia.Tel : +609 863 5390 Fax : +609 863 5387Email: [email protected] : www.tanjungmaintenance.com.my

TANJUNG MAINTENANCE SERVICES SDN BHDKemaman Supply Base CentreWarehouse No 3, Door 1,2,3,7 & 8,Kemaman Supply Base, Phase 1,24007 Kemaman, Terengganu Darul Iman, Malaysia.Tel : +609 862 3360/ 62Fax : +609 862 3361Email : [email protected]

TANJUNG MAINTENANCE SERVICES SDN BHDLot 1591, Block 26 (P.O. Box 107)Kidurong Light Estate,Jalan Tanjung Kidurong,97000 Bintulu, Sarawak, Malaysia.Tel : +6086 255 103Fax : +6086 254 103

GAS GENERATORS (M) SDN BHDLot 5189, Unit 2, Sg Ramal,Off Tanming Jaya,43300 Balakong,Selangor, Malaysia.Tel : +603 8961 3390Fax : +603 8962 3390Email : [email protected]

TANJUNG KAPAL SERVICES SDN BHDKemaman OfficeLot 13837, Jalan Penghiburan,24000 Kemaman,Terengganu Darul Iman, Malaysia.Tel : +609 850 2744 Fax : +609 850 2744Email: [email protected]

Labuan OfficeLot 6875 Bestari WarehouseJalan Patau Patau87000 Wilayah Persekutuan LabuanTel : +6087 410387 Fax : +6087 410424Email: [email protected]

TANJUNG MAINTENANCE SERVICES SDN BHDTANJUNG OFFSHORE SERVICES SDN BHDMiri (Operation/Maintenance Center)Lot MCLD, 1315, Jalan Primula,Piasau Industrial Estate,Miri, Sarawak, Malaysia.Tel : +6085 661 330Fax : +6085 661 320email :[email protected] :[email protected]

TANJUNG MAINTENANCE SERVICES SDN BHD (TMS)Labuan (Operation/Maintenance Centre)SK 0467, Kampung Sungai Kling,Off Jalan Rancha Rancha,87008 Wilayah Persekutuan Labuan.(TMS) Tel : +6087 414 481 Fax : +6087 413 234Email: [email protected]

TANJUNG NEWENERGY SERVICES SDN BHDPerak-Manjung (Operation Office)No 150-150A Jalan PM/2,Pusat Bandar Sri Manjung,32040 Sri Manjung, Perak Darul Ridzuan.Tel : +605 669 8494 Fax : +605 668 1360Email : [email protected]

TANJUNG OFFSHORE SERVICES SDN BHD Pasir Gudang (Operation Office)No 38A, Jalan 9/17 Perjiranan 9,81700, Pasir Gudang, Johor Darul Takzim.Tel : +607 255 2886Fax : +607 255 2986Email : [email protected]

PT TANJUNG OFFSHORE NUSANTARANo. 214, Outer Ring Road, Bogor Utara,Taman Yasmin, Sektor - 6,Kota Bogor,16132 Indonesia.Tel : +62-251-754-2333Fax : +62-251-754-2555



ANNUAL REPORT 2011

5

GROUP CORPORATE STRUCTURE

TANJUNG OFFSHORE BERHAD

51%

GASTEC

100%

TCSB

100%

TKS

100%

TCSI

100%

TOS

100%

TOMS

80%

PTTON

20%

CMPL

100%

TPC

100%

TNE

100%

TMS

TOS: Tanjung Offshore Services Sdn Bhd

TPC: Tanjung Petroconsult Sdn Bhd

TMS: Tanjung Maintenance Services Sdn Bhd

TNE: Tanjung NewEnergy Services Sdn Bhd

TKS: Tanjung Kapal Services Sdn Bhd

TOMS: Tanjung Offshore Marine Services Sdn Bhd

TCSI: Tanjung CSI Sdn Bhd

GASTEC: Gas Generators (Malaysia) Sdn Bhd

UGG: Universal Gas Gen erators Sdn. Bhd.

TCSB: Tanjung Citech Sdn Bhd

PTTON: PT Tanjung Offshore Nusantara

CMPL: Cendor Mopu Producer Ltd

100%

UGG


ANNUAL REPORT 2011

6

GROUP CORPORATE STRUCTURE

The details of the subsidiaries and associated company of Tanjung as at 4 June 2012 are as follows: -

Principal Activity

Integrated service provider to the oil and gas and related industries.

Provision of engineering and professional manpower services to the oil and gas and related industries.

Provision of maintenance services to the oil and gas and related industries.

Provision of project management services to the engineering and energy industries.

Ownership of vessel and provision of ship management services to the oil and gas and related industries

Ownership and leasing offshore vessels to local and international oil industry majors.

Design, manufacture and supply of all types of cathodic protection equipment, parts and related services for the onshore and offshore services.

Manufacturing and marketing of waste heat recovery units for the offshore oil and gas industry.

Manufacturing and supply of gas generators to both industrial and oil and gas industry.

Selling and letting of gas generators.

Integrated service provider to the oil and gas and related industries in Indonesia.

To own, lease, sub-lease, maintain, operate, manage the Mobile Offshore Production Unit to carry out oil and gas operations.

Effective Equity Interest(%)

100.00

100.00

100.00

100.00

100.00

100.00

100.00

100.00

51.00

51.00

80.00

20.00

Company

TOS

TPC

TMS

TNE

TKS

TOMS

TCSI

TCSB

GASTEC

UGG

PTTON

CMPL

Issued And Fully Paid-Up Share Capital(RM)

7,500,000

11,200,000

4,000,000

350,000

10,000,000

2

6,000,000

2

4,791,437

2,000,000

USD150,000.0

USD1,960,000

Date And Place Of Incorporation/Acquisition

28.04.1983Malaysia

17.10.1991Malaysia

24.05.1996Malaysia

07.03.1997Malaysia

17.09.1994Malaysia

01.11.2006Malaysia

03.11.2006Malaysia

06.03.2009Malaysia

05.01.2009Malaysia

05.01.2009Malaysia

16.01.2008Indonesia

07.11.2005Malaysia

Associated Company

Indonesia



7

Tanjung Offshore Berhad (Tanjung) was incorporated in Malaysia on 11 August 2004 and its shares are currently listed on the Main Market of Bursa Malaysia Securities Berhad. Tanjung is principally an investment holding company, whilst its subsidiaries and associated companies are principally involved in the provision of engineering equipment, shipowning, ship management and chartering services, equipment maintenance services, drilling and production platform services to the oil and gas and related industries in Malaysia and the region.

Tanjung’s main operating subsidiary, Tanjung Offshore Services Sdn Bhd (TOS) commenced operations in March 1990. TOS is involved in providing comprehensive services to the oil and gas industry and holds various exclusive agencies for a wide range of engineering equipment and parts in Malaysia. Tanjung commenced its marine support services in 1994 via the setting up of a Marine Vessel Department within TOS and the formation of Tanjung Kapal Services Sdn Bhd (TKS), a ship ownership and management company.

In May 1996, Tanjung Maintenance Services Sdn Bhd (TMS) was incorporated to provide complete maintenance support services to the oil and gas industry such as manpower, maintenance and repair works for offshore oil and gas platforms and onshore plants.

Thereafter, various other subsidiaries and associated companies were set up to further enhance the provision of integrated support services to the oil majors such as Tanjung NewEnergy Services Sdn Bhd (TNE), Tanjung Petroconsult Sdn Bhd (TPC), Tanjung CSI Sdn Bhd, Tanjung Citech Sdn Bhd, PT Tanjung Offshore Nusantara, Gas Generators (Malaysia) Sdn Bhd and Cendor Mopu Producer Limited.

As of todate, the Tanjung Group is a reputable integrated oil and gas service provider within the Malaysian oil and gas industry and has been expanding its services within the domestic and international markets. Tanjung Group is actively involved in both the upstream and downstream markets within the oil and gas industry and participates in all stages of the life cycle of the Production Sharing Contracts as follows:-

EXPLORATION Surface GeochemistrySeismic activities Vessel servicesDrilling services

DEVELOPMENTHookup & commissioningDrilling servicesStructure & constructionVessel servicesEngineering Equipment

PRODUCTIONFlow of oil & gas to onshore plantsPower generationSystems application Vessel servicesEngineering equipmentMaintenance services

MAINTENANCERetrofittingStructural strength & corrosion assessmentVessel servicesEngineering equipment maintenance

ABANDONMENTDismantling of structuresDecommissioning of machinery & equipmentTransportation of physical parts and equipmentPollution control exercise and assessmentVessel services

8


ANNUAL REPORT 2011



ANNUAL REPORT 2011

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TANJUNG OFFSHORE SERVICES SDN BHD

Tanjung Offshore Services Sdn Bhd (TOS) is a wholly owned subsidiary of

Tanjung Offshore Berhad (Tanjung). TOS commenced business in mid 1990s and

has since grown into a reputable integrated service provider for the oil and gas

industry. With years of experience in the oil & gas industry, TOS offers services

such as customised engineered equipment, offshore support vessel services,

drilling services, project management of contracts, spares and parts for equipment

and other related services. TOS is one of the main operating companies within

the Tanjung Group of companies which offers a diverse range of product and

services to the oil majors.

Having obtained various Petronas licences for various categories of products and

services, TOS is also the exclusive agent in Malaysia for various world-renowned

Original Equipment Manufacturers (OEM) such as centrifugal pumps, control

systems, switchgears, instrumentations and control valves that are widely used

in the upstream and downstream activities of the oil and gas industry.

TOS has a full package of supplies and services which entails the initial engineering

design layout, project management & planning, implementation, installation,

commissioning followed by scheduled maintenance, troubleshooting and reliable

after-sales services. TOS identifies the requirement of each client, and assist in

the front-end engineering design (FEED). Throughout this phase, constant and

comprehensive technical discussions with our prospective clients as part of our

value added services in developing innovative ideas in the exploration, production,

maintenance and abandonment stages of fields’ development.

Together with our clients, we continue to closely monitor the progress of projects

undertaken to ensure various process methods are in compliance to the approved

design and specifications. TOS is continuously increasing its range of products

and services to meet the stringent requirements of the industry.

Platform services

Engineering equipment

Maintenance services

Drilling services Well intervention services Offshore support vessels


ANNUAL REPORT 2011

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TANJUNG KAPAL SERVICES SDN BHD

Tanjung Kapal Services Sdn Bhd (TKS) a wholly-owned subsidiary of Tanjung Offshore Berhad (Tanjung) was incorporated on 17 September 1994. Its principal activity is to provide offshore support vessels and related marine services to the oil and gas industry.

Its business activities can be categorised as follows :

1. Vessel ownership;2. Vessel management/operator;3. Vessel agency and forwarding activities;4. Vessel brokering; and5. Marine services consultancy.

In accordance with ISM requirements, TKS obtained its Document of Compliance (DOC) from the Malaysian Marine Department in 2006.

For her vessels, TKS posses Safety Management Certificate (SMC) granted by American Bureau of Shipping (ABS) and Bureau Veritas (BV).

In accordance with ISM requirements, TKS obtained its full Document of Compliance from the Malaysian Marine Department in 2006. At the same time, TKS also obtained the Safety Management Certificate (SMC) for its vessels from American Bureau of Shipping (ABS).

To date, TKS owns and operate thirteen (13) offshore support vessels which consist of eight (8) units of Anchor Handling Tug Supply vessels (AHTS), four (4) units of Straight Supply vessels (SSV) and one (1) unit of Tug Utility Vessel (TUV). Apart from that, TKS also manages three (3) units of vessels owned by Tanjung Offshore Services Sdn. Bhd.

TKS organizational structure consists of Six Departments namely :

1. Marine Operations;2. Technical Services;3. Health, Safety, Security and Environment;4. Support Services5. Vessel Agency and Forwarding; and6. Finance and Accounts.

TKS has its headquarters at Tanjung Group’s main office in Kuala Lumpur. TKS also have operation branches and support offices at Kemaman in Terengganu as well as in Labuan.

MV Tanjung Dawai MV Tanjung Puteri 2 MV Tanjung Pinang 1

MV Tanjung Dahan 1

MV Tanjung Biru 1

MV Tanjung Pinang 1


ANNUAL REPORT 2011

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TANJUNG MAINTENANCE SERVICES SDN BHD

Tanjung Maintenance Service Sdn Bhd (TMS) was incorporated on 24 May 1996 to provide complete maintenance services to the oil and gas operators in Malaysia and the region. As of todate, TMS is operating from five (5) main workshop/maintenance centres situated in Teluk Kalung and Kemaman Supply Base (both in Terengganu), Labuan, Miri and Bintulu. TMS currently employ 220 staff of various experiences and expertise. Our maintenance centres provide a “one stop” maintenance services to various upstream oil and gas operators such as Petronas Carigali Sdn Bhd, Sarawak Shell Berhad, Exxon Mobil Exploration and Production Malaysia Inc.,Talisman Malaysia Limited, Nippon Oil Ltd and Newfield Sarawak Malaysia Inc. and others.

Our maintenance workshops also provide various maintenance services to downstream petrochemical and power plants situated In Paka and Gebeng in Terengganu and Bintulu in Sarawak such as Petronas Dagangan Sdn Bhd, Petronas Penapisan (Terengganu) Sdn Bhd, Petronas Gas Berhad, BASF Petronas Chemicals Sdn Bhd, Petlin Malaysia Sdn Bhd and BP Chemical (M) Sdn Bhd.

Our complete maintenance services at our maintenance workshops include:-

• Services, repair, overhaul & test various types of rotating equipment including diesel engines

• Services, repair, retrofit & test all types of valves & actuators• Fabrication of parts, piping works and machining;• Metal coating or metal spray;• Specialized HP High Velocity Oxy Fuel (HVOF) and other types of coating;• Rotor dynamic balancing;• On-line greasing or lubrication;• Condition Based Monitoring (CBM) such as vibration monitoring• Wellhead maintenance & services including Data Management System• Asset Integrity Management System including Reliability, Availability &

Maintainability Study and Asset Performance Management• Schedule oil sampling (SOS) and thermography;• Service, repair, overhaul and test of turbo machinery.

We are one of the few local service providers which have set up complete workshops in all the main oil and gas hubs in both Peninsular and East Malaysia. We are also ISO 9001 certified and have trained our human capital and invested in the latest technologies to enable us to move towards niche and knowledge based maintenance technologies. In doing so, we aim to be at the forefront of the total solutions provider concept for maintenance services in the Malaysia and the region.

Overhaul & machining services

Valve on-site services

Gear box services

Gas turbine overhauling Repair of pump casing Welding & cutting services


ANNUAL REPORT 2011

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TANJUNG NEWENERGY SERVICES SDN BHD

Tanjung NewEnergy Services Sdn Bhd (TNE) was established on 7 March 1997 to provide a wide range of energy related products and services which are cost efficient solutions to the oil majors. Our power generation systems are also environmentally friendly through better use and management of energy resources.

Our main engineering products are as follows:-

• Centrifugal Pumps;

• Nitrogen Gas Generator;

• Dynamic Position System;

• CCTV Surveillance System for Oil and Gas;

• Umbilical Subsea Cables;

• Solar Power Panels; and

• Self Priming Marine Pumps.

TNE has a total commitment to engineering excellence, fitness for purpose, design and an uncompromising approach to quality. TNE recognizes the benefits of an effective quality assurance programme in promoting and achieving high standards of service and minimizing costs and delay to project programmes.


ANNUAL REPORT 2011

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TANJUNG PETROCONSULT SDN BHD

Tanjung Petroconsult Sdn Bhd (TPC), which is a subsidiary of Tanjung Offshore Services Sdn Bhd known as one of the major Malaysian Contractor, has been providing its varied expertise in engineering, procurement and construction/commissioning for offshore and onshore oil & gas processing and production systems for major local oil & gas clients including PETRONAS, SHELL, EXXONMOBIL, MURPHY OIL and etc.

TPC has since 2003 established its core competency through its proven project management methodology and professional and qualified manpower. TPC methodology encompasses its effective project management system covering key areas such as Planning & Control, Construction & Commissioning, Quality Assurance and HSE requirements which is the backbone of the delivery process in meeting the expectations of its clients.

As one of the TANJUNG group of companies, it will be capable of executing the other multi functional requirements in respect of procurement, including logistic support, supply chain management and project financing.

Throughout the participation in varied projects, TPC has established the value added network connections capable of market penetration in the oil & gas sectors worldwide, assuring clients of meeting the required level of supply of resources and materials & equipment. It has established the recognition of its global capabilities in providing procurement scope services that has involved suppliers networks from China, India, Australia, Europe and UK. It has nurtured its strength in project alliance for the international oil & gas sector through its global reputation on ventures with known international Companies from UK, France and Australia.

TPC approach from the onset of its projects execution has relied on the principles of Total Quality Management through rigorous induction program and subsequent close monitoring of its performances in compliances with the QA/QC requirements. As for TPC’s ongoing commitment for quality, TPC is confident of attaining the ISO 9001:2008 Certification.

TPC core business activities are:

EPC Division• Project Management Scope• Detailed engineering for both onshore and offshore plant/facilities• Plant Design and Management system (PDMS), BOCAD and As-Built• Procurement management scope• Construction engineering (fabrication requirements) including generation of

shop and construction drawing• Fabrication / Construction• Process equipment skids design and supply• Hook-up and Commissioning (HUC)• Plant/Facilities Modification/Revamp/Retrofit

Environmental & Positional Survey Division• 3D laser scanning and transportation of scanned data into 3D basic

infrastructure• 3D As Built for onshore and offshore• Dimensional Control for onshore and offshore• Conversion of scanned data into 3D Modeling• Remodeling of facilities data into 3D CAD format into PDMS and PDS• Remodeling or modeling of existing data for CAD


ANNUAL REPORT 2011

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TANJUNG CSI SDN BHD

Tanjung CSI Sdn Bhd (Tanjung CSI) is a wholly-owned subsidiary of Tanjung Offshore Berhad.

A spin-off from the Control & Instrumentation Department (CID) of Tanjung Offshore Services Sdn Bhd (TOS), Tanjung CSI began operations as a full company beginning 1 January 2008.

Tanjung CSI’s core activities are in providing Instrumentation, Detectors, Valves, Analyzers, Metering Systems, Process Control & Safety integrated system solutions and services, primarily to the Oil & Gas sector.

Our customers include leaders in the Malaysian Oil & Gas Industry, with Petronas being our key client as well as international players with projects in countries such as Vietnam, Indonesia, Qatar, China and Turkmenistan.

In the area of industrial field instrumentation and automation, Tanjung CSI represents and provide services amongst others as follows:• Process & safety automation, measurement, analytical, actuation instrumentations and wet gas

metering system;• Fire & gas integrated security systems and field detectors;• Gas analyzers for moisture, H2S and CO measurements;• Severn Glocon – control valves;• Severn Unival – choke valves;• Liquid & gas metering solutions for custody transfer/allocation and pipe line detection system or

PLDS;• PQE – power quality consultancy services;• Brodie – PD meters, variable area flow meters and a full range of flow accessories;• Multiphase Flow Metering Solutions; and• Rotating machineries engineering solutions focuses on supplying high quality and innovative control

solutions for turbines and compressors.

Tanjung CSI is also a certified channel partner and system integrator for ABB Control & Safety systems, such as the Industrial IT 800 xA, Freelance, PlantguardTM and TriguardTM system product lines. Complementing ABB in the area of Fire and Gas system solution with Fire & Safety, which produce industry renowned SIL2 Addressable Fire and Gas systems and field devices. Our scope of capabilities include the full suite of engineering services, beginning from design, system configuration, system integration, testing, staging, training all the way up to system commissioning at site, as well providing post implementation services.

Our range of capabilities also extends to include field instrumentation, and associated services, such as calibration, repair services, valves and positioned assembly works, as well as hybrid and gas analyzer sampling system design and fabrication.

Tanjung CSI also extends its services in the area of electrical power distribution and stability by performing and providing quality control and consultation to ensure that the electrical power supply of a site is regulated appropriately.

Tanjung CSI’s goal is to be recognized as a premier industrial control, safety and instrumentation solution provider for the Malaysian Oil & Gas industry.


ANNUAL REPORT 2011

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PT TANJUNG OFFSHORE NUSANTARA

PT Tanjung Offshore Nusantara (PTTON) was incorporated in Indonesia on 16 January 2008. Tanjung Offshore Berhad (Tanjung) holds 80% in the equity of PTTON while the remaining 20% equity is held by PT Expet Kontrol Nusantara.

PTTON commenced full operations in February 2008. Tanjung hopes to penetrate into the vast oil and gas industry in Indonesia which offer vast potential for our integrated services. Through PTTON, we hope to replicate our “one stop” solution service provider business model in Indonesia.

PTTON’s core business activities include:-

• Provision of Engineering Equipment and Services;

• Provision of Engineering and Professional Manpower services.


ANNUAL REPORT 2011

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CENDOR MOPU PRODUCER LIMITED

Cendor MOPU Producer Limited (CMPL) was incorporated on 7 November 2005. Tanjung Offshore Berhad (Tanjung) owns a 20% equity in CMPL while the remaining 80% equity is held by Global Process Systems Sdn Bhd. CMPL’s principal activity is to own, lease, sub-lease, maintain, operate, manage the Mobile Offshore Production Unit (MOPU) to perform production operations within Malaysian waters.

CMPL is the first Malaysian company that introduced the concept and viability of MOPU in extracting oil from marginal fields in Malaysian waters. The MOPU is a jack up drilling rig which has been converted into an oil production platform which is designed to operate on a stand alone basis at a designated location.

Since its inception, CMPL has been managing one (1) unit of MOPU which is currently contracted to Petrofac (Malaysia PM-304) Limited. As of to date, the MOPU is operating at Cendor oilfield which is situated off the coast of Terengganu.

Given the successful launch of the MOPU, Tanjung will continue to explore new ideas and concepts that facilitate the extraction of oil from fields in Malaysia and the region.


ANNUAL REPORT 2011

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GAS GENERATORS (M) SDN BHDUNIVERSAL GAS GENERATORS SDN BHD

On 5 January 2009, Tanjung Offshore Berhad acquired as a 51% equity interest in Gas Generators ( Malaysia) Sdn Bhd (Gastec) and its subsidiaries (Gastec Group). Gastec Group is principally involved in the manufacturing and marketing of gas generators in both the industrial and offshore oil and gas markets.

Nitrogen is an inert gas used primarily for purging of tanks and pipelines to enhance overall plant safety. The generator produces nitrogen from compressed air thereby eliminating the cost and hazard associated with transporting of nitrogen gas cylinders offshore.

Gastec Group has operations in the ASEAN region with active presence in Kuala Lumpur, Bangkok, Jakarta and Manila.

The Gastec Group also design and manufactures nitrogen gas generators for on-site gas production facilities on long term “built, operate and transfer” and “built, operate and own” contracts to both industrial and oil and gas industries.

tanjung offshore berhad 10 tanjung kapal services sdn bhd ... dato’ dr. (h) ... peti surat 10788...

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