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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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Tuesday, 2 August 2011

SEMBCORP MARINE’S JURONG SHIPYARD SIGNS US$444 MILLION CONTRACT

Singapore, August 2, 2011: signed two turnkey contracts worth a total of US$444 million to build another two jackup rigs for a subsidiary of Noble Corporation which had chosen to exercise the two rig options ahead of its original ex were granted in December 2010, Noble has also secured options for another two similar jackup rigs based on the same terms and conditions.

Scheduled for delivery in the third new turnkey units will be built based on the same design and specifications as four earlier Friede & Goldman JU3000N units ordered by Noble. for operations in challenging environments and harsh condi temperature areas such as the Middle East and in the North Sea.

The brainchild of Jurong Shipyard, Noble and Friede & Goldman, the Friede & Goldman JU3000N design jackup rigs will have an enlarged hull for more operational benefits

including ergonomic and efficient accommodation layout, increased deck space and

strategic placement of equipment for enhanced efficiency and safety during

operations. On completion, these new rigs will be capable of operating in waters of 400

feet and drilling to depths of 30,000 feet.

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