Primeline Energy Holdings Inc V.PEH.H

Energy Oil & Gas E&P

Primeline Energy Holdings Inc. (Primeline) is a Hong Kong-based company engaged in the exploration of oil and gas properties located in China. The Company owns exploration and development rights in the East China Sea pursuant to two Petroleum Contracts, one in relation to Block 25/34 (Petroleum Contract 25/34) and one in relation to Block 33/07 (Petroleum Contract 33/07). The Company has approximately 36.75% interest in the producing LS36-1 gas field in Block 25/34 which comprises an offshore area of approximately 84.7 square kilometers. Primeline is the operator of the Petroleum Contract with China National Offshore Oil Corporation (CNOOC) for Block 33/07. Block 33/07 covers an offshore area of approximately 5,877 square kilometers (1.45 million acres), enclosing Block 25/34. The Company's subsidiaries include Primeline Energy China Limited (PECL) and Primeline Energy Operations International Limited (PEOIL).

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Primeline Energy Holdings Inc > Arbitration

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Comment by worldmeon Apr 25, 2019 11:54am

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Post# 29669748

RE:Arbitration

Usually, for China International Economic and Trade Arbitration Commission,In a general procedure case, the arbitral tribunal shall render an arbitral award within 6 months (in foreign-related cases) or 4 months (in domestic cases) from the date on which the arbitral tribunal is formed. As we know, the main hearing of the CNOOC Arbitration took place in Singapore on September 10- 14 and 17-20 and then October 30, 2018. So .....

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