tag:blogger.com,1999:blog-1602023866179666640.post3150206699451902274..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Keppel wins another jackup order worth around US$265 million from Ensco Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1602023866179666640.post-27051919794704889612013-11-23T11:14:24.017+08:002013-11-23T11:14:24.017+08:00Keppel Land completes divestment of Jakarta Garden...Keppel Land completes divestment of Jakarta Garden City<br /><br /><br />Unlocking value in the integrated township will enable Keppel Land to pursue other opportunities in Indonesia, with a focus on Jakarta<br /><br />Keppel Land Limited (Keppel Land) wishes to announce the completion of the divestment of its 51% shareholding1 in the integrated township, Jakarta Garden City, to PT Modernland Realty Tbk (Modernland).<br /><br />Keppel Land had first announced on 24 July 2013 that the Company, through its wholly-owned subsidiaries, Le-Vision Pte Ltd and Castlehigh Pte Ltd, had entered into a conditional agreement to sell its stake in Jakarta Garden City to Modernland.<br /><br />The divestment will see Keppel Land realise a net gain of approximately S$149 million and receive net proceeds of approximately S$237 million from the transaction, which was effected at the sale consideration of Rp. 2,294,360 million (approximately S$249 million).<br /><br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-43388657273459007872013-11-23T09:59:03.052+08:002013-11-23T09:59:03.052+08:00"To date, over 2,800 jacks designed by Keppel..."To date, over 2,800 jacks designed by Keppel FELS’ Offshore Technology Development unit have been installed in the jackup rigs built to KFELS’ proprietary designs."<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-13733620711429837472013-11-21T21:41:48.530+08:002013-11-21T21:41:48.530+08:00While the three previous newbuilds have already se...While the three previous newbuilds have already secured contracts, Ensco said it is “in discussions with customers about multi-year programmes” for the latest rig, as well as possible extensions for the other units.<br /><br />Chairman Dan Rabun said client response to the Ensco 120-design rigs has been “overwhelmingly positive”, adding the first three rigs were “contracted well ahead of their delivery dates to three separate customers”.<br /><br />The rigs, equipped with a high-capacity cantilever and 2.5 million-pound quad derrick, are designed to work in water depths of up to 400 feet with a drilling capability of 40,000 feet.<br /><br />The contractor also has a further Ensco 110-class jack-up under construction at the Singapore yard that has yet to be gain a charter under an original $1 billion effort to renew its jack-up fleet, having raised more than $700 million from the sale of 11 rigs over the last three years.<br /><br />Ensco now has a total of seven newbuild rigs set for delivery through 2015, including three ultra-deepwater drillships ordered at South Korea's Samsung Heavy Industries.<br /><br />CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.com