Brief: Seatrium Limited Says Arbitration Proceedings Commenced For P-54 Project
10/02/2026 01:41
Feb 10 (Reuters) - Seatrium Limited SEAT.SI: ARBITRATION PROCEEDINGS IN RESPECT OF P-54 PROJECT SUBSIDIARY HAS COMMENCED ARBITRATION PROCEEDINGS AGAINST PETROBRAS NETHERLANDS B.V. UNIT COMMENCED ARBITRATION PROCEEDINGS AGAINST PETROBRAS NETHERLANDS B.V. ARBITRATION RELATES TO A LEGACY CONTRACT FOR CONVERSION OF P-54 FPSO UNDER SETTLEMENT AGREEMENT, PNBV AGREED TO PAY JSPL A CLOSE-OUT SUM OF US$152.3 MILLION HAS NO BALANCE SHEET EXPOSURE TO US$55.7 MILLION WITHHELD AMOUNT Further company coverage: SEAT.SI ((Reuters.Briefs@thomsonreuters.com;))
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