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Vard Holdings

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newbie888
    07-Aug-2013 00:41  
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hm...seems like its time to load more...cheers!!
 
 
SFGuyRuleZ
    06-Aug-2013 21:47  
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Sorry the formatting is all screwed up.. Will try posting again later. Please ignore..

SFGuyRuleZ      ( Date: 06-Aug-2013 21:37) Posted:

http://en.wikipedia.org/wiki/Pre-salt_layer http://subseaworldnews.com/2013/05/08/petrobras-announces-oil-discovery-in-brazils-santos-basin-pre-salt-region/ http://www.pennenergy.com/articles/pennenergy/2013/06/petrobras-starts-production-in-santos-basin-lula-nordeste-pre-sa.html http://www.technip.com/en/entities/brazil http://en.wikipedia.org/wiki/Pipe-laying_ship Do your own due diligence..

 
 
SFGuyRuleZ
    06-Aug-2013 21:37  
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http://en.wikipedia.org/wiki/Pre-salt_layer http://subseaworldnews.com/2013/05/08/petrobras-announces-oil-discovery-in-brazils-santos-basin-pre-salt-region/ http://www.pennenergy.com/articles/pennenergy/2013/06/petrobras-starts-production-in-santos-basin-lula-nordeste-pre-sa.html http://www.technip.com/en/entities/brazil http://en.wikipedia.org/wiki/Pipe-laying_ship Do your own due diligence..
 

 
Peter_Pan
    06-Aug-2013 21:33  
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0.90 is a given.
 
 
guoyanyunyan
    06-Aug-2013 20:48  
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Vard suffers from delays and cost overruns in Brazil Management likely to have taken a NOK200m provision. According to OSK, it estimates Vard took a ~NOK200m provision for the delays and cost overruns in Brazil and NOK70m in goodwill write-down for Niterói. Making adjustments for the provisions, operations outside Brazil is stable, with an estimated EBITDA margin of 10%-11%. Here's more: Management explained that it has taken the provisions based on its best assessment of the situation in Brazil and that it has made significant changes to its productivity assumptions. NOK650m outstanding orderbook remaining at Niterói. Four vessels are still under construction, with the last unit to be delivered in 4Q2014. These orders are expected to have zero margins until completion. Two more hulls under sub-contract. The liquiefied petroleum gas (LPG) hulls will delivered to the company?s new 50.5%-owned shipyard, Vard Promar, by end-2013 and early-2014. Starting from the third LPG unit, all major structures will be fabricated in-house, given that Vard Promar has started its operations in June 2013. Potential Brazilian orders valued at up to NOK6bn. Petrobras (PBR) has awarded charters for three pipelaying support vessels (PLSVs) to Sapura Navegaca and three PLSVs to Subsea 7. Upstream reported PBR is in negotiation with Technip-DOF JV to charter four PLSVs with two 300-tonne units to be built at Vard Promar and two 650-tonne units at Vard?s yard in Norway. We estimate the total value of these four PLSVs at around NOK6bn (USD1bn).
 
 
yokoosi
    06-Aug-2013 20:32  
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BB coming in ... Shorties losing their pants...hahaha Huat Ah !

jomini      ( Date: 06-Aug-2013 20:23) Posted:

shoot up $1 wait long long la. if really tmrw then must really short

 

 
jomini
    06-Aug-2013 20:23  
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shoot up $1 wait long long la. if really tmrw then must really short
 
 
duofu1285
    06-Aug-2013 20:20  
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Wow....shoot up $1 early tomorrow morning got chance boh
 
 
SFGuyRuleZ
    06-Aug-2013 20:11  
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Alright thanks.. Just created a free trial account for the sake of verifying. Don't think can reveal all the content here as there may be a breach of piracy. So now Vard will be building pipelaying support vessels, assuming the source is true (which I feel very high chance it is). Do your own due diligence..

newagetrader      ( Date: 06-Aug-2013 18:17) Posted:

The source is from Upstreamonline Newspaper. An international O&G newspaper. I think this is the deal CIMB or Maybank quoted in their report. Expecting a swift rebound upon securing contract from Petrobras. The deal should worth around US$500-600mln.

 
 
heavenknow
    06-Aug-2013 18:48  
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http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=AnnouncementToday&F=885670#.UgDTa3QZ7qA

MItsubishi UFJ Financial Group adding to their holdings .

Coming in ~
 

 
rabbitfoot
    06-Aug-2013 18:33  
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This is big news man !
 
 
newagetrader
    06-Aug-2013 18:31  
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Report from OSK-DMG: https://cced0bba-a-62cb3a1a-s-sites.googlegroups.com/site/researchreport92/DMG_VardHoldings06082013.pdf?attachauth=ANoY7co40miIiNhW2SULycBkKdIACnma41NM-CLpCSXsqnMBWd1azAgLqQSjIyFpjzo-cNDe3ZiO3FfRNwkQdEuQYhY2Hm4m0VYIDDz0w5XGSt9dTu6SK-DeIoCQIFbWYTJEd9w1-WzC51sj0vFDBztiUlfn5jUzeR_S6jNTE6Ac5ywFK6kLcKOf7BQSNwqZ1pPnJdc35qRvqys1OcdNT-VqDdeXsc3zZS4FjCy9jasmTRP3Xj6oISM%3D&attredirects=0 Value of the deal is estimated at US$1bln
 
 
newagetrader
    06-Aug-2013 18:17  
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The source is from Upstreamonline Newspaper. An international O&G newspaper. I think this is the deal CIMB or Maybank quoted in their report. Expecting a swift rebound upon securing contract from Petrobras. The deal should worth around US$500-600mln.
 
 
SFGuyRuleZ
    06-Aug-2013 17:21  
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Yo Bro newagetrader, may I know how and where you get these news?? =)

newagetrader      ( Date: 06-Aug-2013 17:15) Posted:

Technip-DOF consortium has secured contracts from Petrobras for two 300-tonne vessels at Brazil’s Vard Promar shipyard, and two 650-tonne units to be built at Vard in Norway.

 
 
newagetrader
    06-Aug-2013 17:15  
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Technip-DOF consortium has secured contracts from Petrobras for two 300-tonne vessels at Brazil’s Vard Promar shipyard, and two 650-tonne units to be built at Vard in Norway.
 

 
newagetrader
    06-Aug-2013 17:12  
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Wonder when they wanna announce new contract win in Brazil?
 
 
Tempest
    06-Aug-2013 16:50  
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Happy for those who vested. Too bad to those who can't hold. Vard is sailing towards greenie north! Huat ah!
 
 
heavenknow
    06-Aug-2013 16:32  
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I still optimistic q more at 0.795 this this morning~
 
 
MtFaber
    06-Aug-2013 16:27  
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Vard is sailing into deeper ocean. 0.795 may be history!


 
 
 
SFGuyRuleZ
    06-Aug-2013 14:54  
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Semi-Submersible oil rigs/platforms would be more commonly in use now based on their ability to drill deep into water by securing anchors, from as many as 6 to 12 (I think) to secure the oil rig. This means in order to set up the mooring pattern for securing the platform, as many as 6 AHTSs can be used.

Below is some information extracted from RigZone on how do semi-submersibles work:

http://www.rigzone.com/training/insight.asp?insight_id=338& c_id=24

 

Originally conceived as a bottom-supported drilling unit, semisubmersibles eventually found their true calling. Now, semisubs are the most stable of any floating rig, many times chosen for harsh conditions because of their ability to withstand rough waters.

A semisubmersible is a MODU designed with a platform-type deck that contains drilling equipment and other machinery supported by pontoon-type columns that are submerged into the water. Another type of drilling rig that can drill in ultra-deepwaters, drillships are capable of holding more equipment but semisubmersibles are chosen for their stability. The design concept of partially submerging the rig lessens both rolling and pitching on semisubs.

While in transit, semisubs are not lowered into the water. Only during drilling operations are semisubs partially submerged. Because semisubs can float on the top of the water, transporting these rigs from location to location is made easier. Some semis are transported via outside vessels, such as tugs or barges, and some have their own propulsion method for transport.

Types of Semisubs

Based on the way the rig is submerged in the water, there are two main types of semisubmersibles: bottle-type semisubs and column-stabilized semisubs.

Bottle-type semisubs consist of bottle-shaped hulls below the drilling deck that can be submerged by filling the hulls with water. The first incarnation of this type of drilling rig, bottle-type semisubs originally were conceived as submersible rigs. As a submersible, the bottles below the rig were completely submerged, resting on the ocean floor.

But, as time progressed, naval architects realized that the rig would maintain its stabilization if the bottles were only partially submerged, but be able to drill in deeper waters. Mooring lines are then used to keep the semisub in place, and these anchors are the only connection the rig has with the sea floor. Eventually, these bottle-type rigs were designed to only serve as semisubs.

As a semisub, the rig offered exceptional stability for drilling operations, and rolling and pitching from waves and wind was great diminished. In addition to occasional weather threats, such as storms, cyclones or hurricanes, some drilling locations are always harsh with constant rough waters. Being able to drill in deeper and rougher waters, semisubs opened up a new avenue for exploration and development operations.

A more popular design for semisubmersible rigs is the column-stabilized semisub. Here, two horizontal hulls are connected via cylindrical or rectangular columns to the drilling deck above the water. Smaller diagonal columns are used to support the structure.

Submerging this type of semisub is achieved by partially filling the horizontal hulls with water until the rig has submerged to the desired depth. Mooring lines anchor the rig above the well, and dynamic positioning can help to keep the semisub on location, as well.

Mooring Patterns

Semisubmersibles and other mobile offshore facilities are moored in systematic ways, but there are many different designs for various situations. Mooring is similar to multiple anchors, and a number of spread mooring patterns are used to keep the floating rig in place, including symmetric six-line, symmetric eight-line, symmetric twelve-line and 45i-90i nine-line, among others. These mooring spreads are chosen depending on the shape of the vessel being moored and the sea conditions in which it will be moored.

Because the wellbore is extremely precise, it is very important that the semisub is kept in position, despite the waves and the winds working to move it about. Furthermore, working in ultra-deepwaters, the drilling riser pipe may span thousands of feet from the bottom of the semisub to the stationary subsea well equipment located on the ocean floor.

The drilling equipment is somewhat flexible to overcome slight movements caused by the wind and waves, but the drilling risers must not be bent beyond what it can manage, or they will break.

Additionally, dynamic positioning can be used as well as mooring lines to keep the rig in place. Dynamic positioning uses different motors or propulsion units on the vessel to counteract against the motions of the water. Many times, the dynamic positioning system is guided by telemetry signals from beacons on the ocean floor, satellite information and the angular movements of a cable.


Again, just for general knowledge and sharing purposes only. Good to have an idea of what you are investing in and what are some of the related fields and industry, and also technical knowledge.. =)

 
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