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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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

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Saturday, 14 July 2012

Brazilian giant Petrobras has approved construction of six new semi-submersible drilling rigs in a contract with its independent holding company, Sete Brasil.

The semisubs are a part of a lot of 21 rigs that Petrobras had previously contracted Sete Brasil to
build in an agreement signed 9 February. Delivery of the semisubs is expected in 2016.

The rigs will be built at the Brasfels Shipyard in Angra dos Reis and will contain local content of between 55% and 65%, Petrobras said in a statement late on Friday.

The rigs will carry out well-drilling activities in the pre-salt layer of Santos basin and will be capable of operating at a water depth of 3000 metres, with the capacity to drill wells of up to 10,000 metres.
After construction, the rigs will be chartered to Petrobras for 15 years. Three of the rigs will be operated by Petroserv, two by QGOG and the other by Odebrecht O&G.

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