gsg_stock discussion

Stockwatch- Rotary Engineering (S'pore), role in $1 billion underground oil storage cavern at Jurong Island?

I wonder if this is a potential project for Rotary Engineering, any views or insights from all of you out there?

Business Times - 22 Jul 2006
Work To Start Soon On $1b Oil Storage Cavern
Phase 1 will have the capacity to store about 9.2m barrels of crude oil

By Ronnie Lim

ACTUAL deep tunnelling work for an underground oil storage cavern at Jurong Island - estimated to cost $1 billion - is set to start soon. JTC Corporation has just this week called a pre-qualifying tender for design and construction of access shafts and 'start-up galleries' for the first phase of the Jurong Rock Cavern (JRC) project. These will help facilitate actual construction of the JRC proper.

For full article, read the following:

http://app.mfa.gov.sg/pr/read_content.asp?View,4887,

posted by gsg @ 2:30 PM