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via The Edge Singapore RSS Feed by The Edge on 12/3/09
Singapore companies with expertise in deepwater oil & gas exploration and production such as Keppel Corp. (BN4.SG) and Sembcorp Marine (S51.SG) are likely to fare better in 2010 than those limited to operations in shallow waters such as KS Energy Services (578.SG), Swiber Holdings (AK3.SG), says OCBC Investment Research.
OCBC expects demand for semi-submersibles, drill ships made by Keppel, SembMarine to increase. "The push for even more technical vessels is likely to continue, benefiting companies that do not scrimp on research and development," says the bank.
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