Brokers' take

Sembcorp Marine | Buy Target price: S$3.10 Feb 13 close: S$2.49 DBS Group Research, Feb 13

STATOIL could announce its choice of floating production, storage and offloading (FPSO) vessel contractor for its Johan Castberg development in the Barents Sea as soon as this week.

Sembcorp Marine (SMM) - which secured the contract to build the hull and living quarters for the Castberg FPSO in December 2017 - has also been involved in the bidding, and the prospect of SMM playing a role should not be ruled out.