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    Stolt Offshore settles patent dispute

    News // March 19, 2004
    Stolt Offshore has announced that its long running UK litigation with a competitor regarding a European patent covering technology related to the laying of flexible pipes, has been settled out of court.

    The settlement involves a cash payment by Stolt Offshore in respect of past patent infringements and the granting of a licence under the disputed patent covering the North Sea area. The settlement will not have a material impact on the company's resultsfor 2004.

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