Im not sure if this has been mentioned, I came across it today by chance. But it is a few months old.
This company called Keppel Investments brought a 20% share in Kris energy (Nens Vietnam partner). The significance is Keppel is the largest builder of offshore rigs in the world and made this statement:
"As an investor, we believe that KrisEnergy's portfolio has long-term growth potential and could offer sustainable returns over the long run," said Keppel's CEO Choo Chiau Beng in a statement.
Now while Kris enegy have other prospects, I can't help but think Vietnam is the key growth potential prospect they saw. Maybe someone who knows of their other prospects may clarify this.
Any thoughts ?
http://www.rigzone.com/news/oil_gas/a/119212/Keppel_Invests_115M_in_KrisEnergy_to_Gain_20_Stake
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