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Keppel, SembMarine settle US$10b contracts standoff with Sete Brasil

These pertain to orders for rigs and drillships that have been frozen after Sete filed for bankruptcy amid sweeping corruption probe in Brazil

Published Mon, Oct 7, 2019 · 09:50 PM

sembcorp marine

Singapore

KEPPEL Corp and Sembcorp Marine (SembMarine) have reached long-awaited settlements with Sete Brasil for drillship and rig-building contracts worth more than US$10 billion that were frozen after their once biggest customer was forced to file for bankruptcy amid a sweeping corruption probe in Brazil.

A Keppe…

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