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Nikkei Markets

Singapore rig builders draw line under disputed Brazil deals

Keppel O&M and Sembcorp Marine were tarred by corruption probe

Keppel says it is interested in exploring other opportunities in Brazil's gas and oil industry. (Photo by Takaki Kashiwabara)

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.

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