When both Keppel Corp and SembCorp Marine announced their financial results for FY2015 earlier this year, they made provisions of $230M and $329M for Sete Brasil's orders respectively. SembMar's provision is 43% higher than Keppel Corp's, even though SembMar's orders ($7.0B) are only 13% higher than Keppel Corp's ($6.2B). The big question is whether Keppel Corp's provision for Sete Brasil's orders is adequate and whether further provisions are likely in future quarters.   I have not attempted to answer this question earlier, mainly because it requires a lot of information to do so. Furthermore, the margin of error is large due to the imprecise nature of the information. Compared to the total contract value of $6.2B, a rounding error of $0.1B is only a 1.6% error, however, it can mean $100M in provisions! Thus, I can only hope to be generally right rather than precisely ......