I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Friday 20 July 2012

Brazilian oil giant Petrobras said it will award imminently contracts worth $4.5 billion for the construction of topsides for six of its eight "replicant" floating production, storage and offloading vessels bound for the Sapinhoa and Lula pre-salt oilfields in the Santos basin.

http://www.upstreamonline.com/live

The companies that receive the contracts in the next few days will be DM Construtora de Obras /TKK Engenharia, IESA Oleo e Gas, Tome Engenharia/Ferrostaal Industrieanlagen, Keppel Fels, Jurong Shipyard and Mendes Jr Trading Engenharia/OSX Construção Naval.

The contracts include integration with the FPSO hulls that are already under construction at the Estaleiro Rio Grande shipyard.

Petrobras said the contract for the topsides and integration of the seventh and eight replicant FPSOs will be awarded within the next 18 months.
Of the total eight FPSOs, two will be used on the Sapinhoa field in Block BM-S-9 and six on the Lula field in Block BM-S-11.

The Block BM-S-11 owners are Petrobras (65%), BG (25%), and Petrogal (10%).

The Block BM-S-9 partners are Petrobras (45%), BG (30%), and Repsol (25%).


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