Tuesday, January 25, 2011

Rotary / OKP

Rotary / OKP: start up of ExxonMobil's mega US$5-6 b petrochemical complex on Jurong Island, having been previously re-scheduled for 2H11, may be delayed for a second time to early 2012.
This may delay revenue bookings for Rotary, which has won ~$200m subcontracts for the construction of the ethylene cracker.
OKP, which has a strong relationship with one of the key contractors FWP JV, could also see delay in the possible award of subcontracts.

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