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Sembcorp Marine Petrobras drillship breakthrough

Secures maiden drillship order from Petrobras worth US$792.5m; a major breakthrough for SMM Raise FY12F order wins to S$6bn; FY13F earnings raised by 4% Maintain BUY, TP lifted to S$5.75 Drillship breakthrough with Petrobras. SMM has secured a contract from Guarapari Drilling BV, Netherlands, a subsidiary of Sete Brasil Participacoes S.A., for the design and ...

 

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