ROVworld Subsea Information

SMIT and BP agree on ''Thunderhorse'' settlement
Date: Thursday, May 07, 2009 @ 11:00:00 EDT

SMIT and British Petroleum (BP) have reached a settlement agreement with regard to the salvage services rendered to the semi-submersible rig Thunderhorse in the Gulf of Mexico, following evacuation in anticipation of the approach of hurricane Dennis in July 2005.

The positive impact of this settlement on the net profit (after tax) of SMIT is expected to be approximately EUR 10 million.

This article comes from ROVworld Subsea Information

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