SBM Offshore in $470 mln settlement

AMSTERDAM, March 12 Tue Mar 12, 2013 2:42am EDT

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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.

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