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Welcome to Ministry of Wealth and Gifts for your loved ones!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Friday, 5 August 2011

Keppel FELS clinches US$195m repeat order from Transocean unit

By KALPANA RASHIWALA


Keppel FELS Limited said on Friday, Aug 5, that it has bagged a repeat order from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd, for US$195 million.

Following its order of two jack-up rigs from Keppel FELS on Feb 17 this year, Transocean is exercising its option to build another high-specification jack-up rig based on the KFELS Super B Class Bigfoot design for delivery in Q3 2013, Keppel FELS said in a news release.

Tailored to suit Transocean's requirements, the KFELS Super B Class Bigfoot is designed with larger spud cans, expanding its operational coverage to more places, especially areas where soft soil is predominant. Having larger spud cans enables the unit to operate efficiently while minimising potential leg penetration problems in soft soil conditions.

Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), a wholly-owned company of Keppel Corporation.
Posted by Createwealth8888 at 19:14
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