Irene Lim's comment on WASCO. All Comments

Irene Lim
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Wasco Not only pipeline , not only Middle East

Wasco continues to execute a diversified portfolio of projects across Southeast
Asia, the Middle East, Africa, Europe, and Australia, spanning offshore oil & gas infrastructure, modular
fabrication, substations, pipeline services, power generation, and energy storage systems.
Key ongoing works include:
▪ Engineering and module fabrication for a national strategic offshore gas development in Indonesia,
incorporating enhanced gas recovery (“EGR”) and carbon capture, utilisation and storage (“CCUS”)
technologies;
▪ Floating Production Storage and Offloading (“FPSO”) topside module engineering supporting
offshore production developments in the North Sea;
▪ Substation Engineering, Procurement, Construction and Commissioning (“EPCC”) and fabrication
works across the Middle East and Europe, including projects supporting large-scale industrial and
green steel developments;
▪ Modular E-House EPCC and fabrication for a major cross-border crude oil pipeline project in East
Africa;
▪ Pipeline coating, line pipe services, fusion bonded epoxy (“FBE”) coating, thermal insulation, concrete
weight coating, and anode installation works supporting Liquefied Natural Gas (“LNG”) production
and offshore developments in Qatar and Malaysia;
▪ Supply of pressure vessels, heat exchangers, and process modules for international energy and
industrial facilities;
▪ EPCC works supporting power generation assets and balance-of-plant works for a 10MWh Battery
Energy Storage System (“BESS”) in Australia.
The Group’s order book is at RM2.8 billion, and the tender book of RM12.0 billion provides earnings
visibility into FY2026 and beyond.
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