SBM Offshore in $470 mln settlement

Tue Mar 12, 2013 2:42am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

AMSTERDAM, March 12 (Reuters) - Dutch maritime services group SBM Offshore said on Tuesday it has agreed a $470 million settlement with Canadian oil company Talisman Energy and its partners to end a loss-making Norwegian oil platform project.

SBM Offshore was building the platform for Talisman and its partners but faced technical difficulties to complete the project.