South Korea’s DSME has reportedly won an out-of-court settlement worth $50m over the cancelled Hejre platform.

Denmark's DONG Energy and France's Technip have agreed to pay $25m each to help dismantle the rig, which was terminated last year when it was near to completion, the Pulse website said.

The contract, won in 2012, was worth $560m, of which $200m was going to DSME to design and build the upper structure.