Niko said today it has executed an agreement with subsidiaries of Diamond Offshore "relating to the settlement of outstanding claims under drilling contracts and the Diamond Settlement Agreement executed in December 2013, including related judgements granted by courts in Texas and Alberta.

Niko said it has agreed to make certain payments to Diamond, but didnot disclose amounts, and assigned to Diamond a portion of potential contingent payments from five Indonesian production sharing contracts previously sold by Niko.

"The