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TANJUNG OFFSHORE BERHAD

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<strong>TANJUNG</strong> <strong>OFFSHORE</strong> <strong>BERHAD</strong> (662315-U)<br />

ANNUAL REPORT 2009<br />

MANAGING DIRECTOR’S REVIEW<br />

CERS UK’s manufacturing plant in Hull, UK Casing division at CERS, UK Coiling division at CERS, UK<br />

Most oil majors have also implemented various rejuvenation programmes to enhance the oil and gas recovery rates at existing and<br />

matured production sharing contracts (PSC). Based on these developments, we believe that there are various niche opportunities<br />

for Tanjung Group to participate in these support services. We have invested in the development of our technical manpower,<br />

offshore support vessels and maintenance facilities at our workshops so as to provide our range of integrated services to the oil<br />

majors on a long term basis.<br />

Despite the tough operating environment and challenges in the fi nancial markets in FYE 2009, we have remained resilient and<br />

have capitalised on our available resources to further enhance our product offerings and actively promote our products and<br />

services to new and existing customers both locally and abroad. We believe that this will result in achieving better effi ciencies that<br />

translate into further optimisation of production at the lowest costs for the oil majors.<br />

Overall, we foresee another fruitful year ahead for the Group on the back of foreseeable growth in demand for our integrated<br />

services and our turnaround plan at CERS UK. We have to continue to position ourselves and remain resilient in the midst of a<br />

fast changing business environment. We will remain focused in the oil and gas industry and maintain our relevance in becoming<br />

the preferred integrated oil and gas service provider in Malaysia and the region.<br />

.....................................................................<br />

HAJI OMAR BIN KHALID<br />

Managing Director<br />

30 April 2010<br />

44

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