Pay the piper
Primeline expects CNOOC arbitration award in February
2020-01-09 16:56 ET - News Release
Mr. Andrew Biggs reports
UPDATE ON AWARD IN CNOOC ARBITRATION
Primeline Energy Holdings Inc. has provided an update regarding its previously announced arbitration with China National Offshore Oil Corp. and CNOOC China Ltd.
Primeline announced in its press release of Sept. 16, 2019, that, based upon communications between its lawyers in the CNOOC arbitration and the arbitral tribunal, the award in the CNOOC arbitration was unlikely to be transmitted to the parties until after the new year. Primeline's lawyers have now received further communication from the tribunal stating the tribunal anticipates the final award will be ready to be transmitted to the parties by the end of February, 2020.