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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Thursday 28 August 2014

SBI Offshore in negotiations to build five jack-up rigs

Singapore: SBI Offshore announced that it has commenced discussions with an unspecified Middle East-Chinese consortium to build up to five jack-up drilling rigs.

SBI Offshore has already secured a $24m contract from the consortium to design a rig which will be classified by ABS.

The consortium, whose members are involved in oil and gas activities, has indicated that the rigs will eventually be deployed in the Middle East and various parts of Asia.

"We are hopeful of a successful outcome in our negotiations for the Rigs and intend to secure more of such higher-value projects in the future,” commented Chan Lai Thong, executive chairman of SBI.
SBI Offshore said it expected to build the first rig in either China or Singapore if the negotiations are successful. [27/08/14]

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