EnergyWatch

SBM Offshore gets insurance payout after rig failure

The Dutch offshore company has reached a settlement with a majority group of insurers in the case related to damaged drilling rig Yme, which resulted in large costs for SBM Offshore.

SBM Offshore has reached a settlement with 73.6 percent of the group of insurers in the company's damage claim related to drilling rig Yme in the North Sea, where the company in 2012 discovered defects in the rig's construction and wound up scrapping it.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs