Contents

SG Rig Builders: Too Entrenched To Ignore 3
Keppel Corp – Looking for More than just FPSO Hulls 4
SembCorp Marine: Developing Clusters of Excellence 10
Establishing the Potential of Brazilian Market 13
Petrobras capex potential is frequently questioned 14
Key Features of Petrobras Orders 18
Implications 19
Flexing its bargaining power; price re-negotiations are common 21
Brazilian Yards – Steep Learning Curve Ahead 23
Rebuilding its past glory 23
Local content requirements crucial to industry development 29
Regional “Hub” Strategy 30
Appendix A-1 51