A parliamentary commission of inquiry has recommended deepening an investigation into 10 companies involved in deals with Petrobras and Sete which include Keppel's Brazilian subsidiary, Keppel Fels Brasil.

Keppel said it intended to fully cooperate with Brazilian authorities if it is approached in the investigation.

“Keppel reiterates its zero-tolerance stance against any form of illegal activity, including bribery and corruption, involving its employees or associates, and will take all necessary steps to eradicate such conduct if discovered,” Keppel said in a statement.

“We