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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.

Think Investing as Tug of War - Read more? Click and scroll down


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Monday, 6 February 2012

SEMBCORP MARINE’S WHOLLY-OWNED BRAZILIAN SHIPYARD, ESTALEIRO JURONG

Singapore, February 6, 2012: Sembcorp Marine’s wholly-owned Brazilian shipyard Estaleiro Jurong Aracruz has secured a contract worth approximately US$792.5 million from Guarapari Drilling BV, Netherlands, a subsidiary of Sete Brasil Participacões S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship design.

The Jurong Espadon drillship represents the next generation of high-specification drillships with advanced capabilities for operational efficiency and ultra-deepwater operations worldwide. The drillship will be equipped with state-of-the-art drilling facilities, a larger deck area with a 40- meter-wide main deck, efficient deck arrangement and a large moon pool for enhanced drilling operations as well as DP-3 (Dynamic Positioning class 3) capabilities, superior motion features and Azimuth thrusters for improved operability. It is capable of operating at 10,000 ft water depth and drilling to depths of 40,000 ft, with accommodation facilities to house a crew of 180 personnel.

Scheduled for delivery no later than 2Q 2015, the ultra-deepwater drillship will be among a series of drillships to be built in Brazil to cater to the recent oil and gas discoveries in the offshore giant pre-salt fields.

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