Swiber-Sime JV Commences Arbitration in India Over ONGC's B-193 Project

Swiber Holdings Limited disclosed Thursday that a consortium between its wholly-owned unit Swiber Offshore Construction Pte Ltd. and Malaysia's Sime Darby Engineering Sdn Bhd (SDE) has commenced arbitration proceedings June 1 in India against an Asian multinational oil and gas company over a process platform contract that was awarded to the partners in May 2010.

Swiber said the legal proceedings have commenced through the filing of a Notice of Arbitration and the conduct of the arbitration proceedings will be led by SDE.

Earlier on Wednesday, Sime Darby Bhd revealed that its indirect wholly-owned subsidiary SDE and Swiber Offshore have disputes and differences regarding the $618.38 million contract for the the provision of a process platform for the B-193 Project in India for state-owned Oil and Natural Gas Corp. Ltd. (ONGC) that was awarded May 19, 2010 and executed between the two parties July 3, 2010.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  SolstadFarstad Emerges After Company M... (Jun 22)
 -  Gas Leak at Gjoa (Jun 22)
 -  Total Energy Services Completes Savann... (Jun 21)
 -  Norwegian Production Declining (Jun 21)
 -  Monadelphous in 'Major' Contract Win (Jun 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanic A
Expertise: Mechanic
Location: Lafayette, LA
 
Lead/A Callout Mechanic
Expertise: Mechanic
Location: Lafayette, LA
 
Logistics Supervisor
Expertise: Logistics Management
Location: Sugar Land
 
search for more jobs

Brent Crude Oil : $44.82/BBL 2.60%
Light Crude Oil : $42.53/BBL 1.61%
Natural Gas : $2.89/MMBtu 0.68%
Updated in last 24 hours