It could also mean that Perisai offers very low price to grab the FPSO (?)job; so low that other competitors don't want to fight with them because if any unexpected thing happen, costs can escalate and a lot of money can be lost. Just try to be funny here, but it may be true also if you know something about construction contracts.
Perisai Petroleum: To break into FPSO market. Perisai Petroleum Teknologi, an oil and gas support provider, is poised to move one notch up the ladder in the supply chain of the industry by going into the lucrative floating, production, storage and offloading (FPSO) market. The group is looking at acquiring a stake in a PFSO vessel from its shareholder Ezra Holdings Ltd and the vessel is to be used for providing services to an offshore O&G field in Malaysia. A consortium led by Ezra has put in a bid to supply the FPSO vessel to cater to the North Malay Basin oil field located off the coast of Terengganu and Kelantan. (Financial Daily)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
excelyou
1,255 posts
Posted by excelyou > 2012-10-22 17:55 | Report Abuse
Time to accumulate for 3rd round!!