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Saturday, November 6, 2010

Oil and gas SGX roundup

) Cosco Corporation (Singapore) Limited is a Singapore-based investment holding company. The Company has ship repair, ship building and offshore marine engineering operations in China. The Company also operates in dry bulk shipping, shipping agency and other sectors. The Company has operations in ship repair, ship building and offshore marine engineering. During the year ended December 31, 2009, the Company completed the construction of 11 new vessels comprising eight bulk carriers, one heavy lift ship, one accommodation and work barge and one offshore driller.
  Wright Quality Rating: BCA1 $1.85 $2899mil

2) KS Energy Services Limited (KS Energy) is a Singapore-based energy services provider to the global oil and gas, marine and petrochemical industries. Its principal activities include trading in hydraulic products, instrumentation and equipment for the shipbuilding, marine and oil and gas industries, trading in hardware products and oilfield equipment, and investment holding. It operates in two segments: Distribution and others, which includes sales of hydraulic products, hardware products and tools and equipment and provision of design engineering, project management and fabrication of systems equipment for industrial applications to the marine and oil and gas industries, and Capital equipment and related services, which includes provision of capital equipment and related services to the oil and gas industry. During the year ended December 31, 2009, it acquired the remaining 50% interest in United Oilfield Services Pte. Ltd. and remaining 60% interest in Landrig 5 (BVI) Ltd.
  Wright Quality Rating: CBNN $1.04 $489mil

3) Ezra Holdings Limited (Ezra) is a Singapore-based company. The principal activities of the Company are those of investment holding and provision of management services. It is organized into three operating divisions: Offshore Support Services, which is engaged in the owning, chartering and the management of offshore support vessels serving the oil and gas industry; Marine Services, which is engaged in the provision of management services, supply of marine gas and oil, provision of engineering, design and fabrication works, and Energy Services, which is engaged in providing drilling and well intervention related works. In July 2009, it disposed 50% interest in United Oilfield Services Pte. Ltd. In September 2010, it incorporated a wholly owned subsidiary, Lewek Crusader Shipping Pte. Ltd. In October 2010, the Company incorporated Emas Offshore Angola Pte. Ltd., a wholly owned subsidiary in Singapore.
  Wright Quality Rating: CCB1 $1.75 $491mil

4) Swiber Holdings Limited (Swiber) is engaged in investment holding and provision of corporate services. It offers a range of offshore engineering, procurement, construction and installation (EPIC) and marine support services to support the a range of offshore oil and gas exploration projects. Swiber consists of four business units: Swiber Offshore Construction Services, Kreuz Offshore Marine Services, Kreuz Offshore Subsea Services and Equatorial Offshore Development Services. Swiber Offshore Construction Services provides a suite of offshore construction services. Kreuz Offshore Marine Services offers a spread of offshore marine support services that are complementary to its offshore EPIC services. Kreuz Offshore Subsea Services provides commercial saturation and air diving services. Equatorial Offshore Development Services provides offshore wind farm engineering, transportation and installation services. In September 2010, it incorporated a subsidiary, SWIBER INTERNATIONAL PTE. LTD.
  Wright Quality Rating: CBNN $1.02 $570mil

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