Bumi Armada : Q2 2022 Analyst Briefing

Q2 2022 Health, Safety & Environment

• Increased leadership visibility on the FPSOs through an Integrated Assurance schedule.
• Rolled out a new Process Safety training program.
• Reviewed the Security Risk Assessment in Astrakhan.
• Extended scope of emission monitoring.

2

Q2 2022 Sustainability

• Released Climate Change Policy and commitment as part of our Sustainability Statement.
• Ongoing studies to lower emissions on new vessels with green engineering.
• Ongoing studies on better flare management on existing vessels.
• Initiated the implementation of ISO 50001 Energy Management Standard.
• Armada LNG Mediterrana achieved SUSTAINABLESHIP-1 certification by Bureau Veritas in April.

• Completed design of offshore CO2 storage and injection vessel - FSIU.
• Collaboration with leaders in the sector.
• Need the large CO2 emitters to capture their emissions.

3

Q2 2022 Sustainability Community Level

Wildlife Rehabilitation Centre

Xrobb l-Ghagin, Malta

Armada Floating Gas Services Malta Ltd. Supports the Wildlife Rehabilitation Centre for the rehabilitation of whales, dolphins, and porpoises.

HCMUT Scholarship Program

Awarded scholarships to engineering students at Ho Chi Minh University of Technology (HCMUT) to facilitate establishing innovative solutions to drive green technology.

4

Q2 2022 Key Operations Update

Armada Kraken

• Completed annual BEIS inspection
• Milestone Reached 56.1 million barrels produced