SINGAPORE (Nikkei Markets) -- Keppel Corp. and Sembcorp Marine reached a settlement agreement with Sete Brasil over their remaining rig-building contracts, resolving long-standing disputes worth billions of dollars and removing a major source of uncertainty about prospects for their large offshore and marine operations.
In separate statements, both companies said they had settled all contract-related issues and that there would be no further penalties or claims. Keppel also left the door open to future deals in Brazil, saying it was interested in exploring other opportunities in that country's gas and oil industry.
