SINGAPORE (Oct 7): Keppel Offshore & Marine (Keppel O&M) has finally reached a settlement with Sete Brasil over the long outstanding issue surrounding the construction of six semisubmersible drilling rigs.

Keppel O&M announced Monday that wholly-owned subsidiaries Fernvale and FELS Offshore have entered into a settlement agreement with subsidiaries of Sete Brasil, including Urca, Frade, Bracuhy, Portogalo, Mangaratiba and Botinas.

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