Rowan Announces Development in Gorilla V Contract Dispute
December 18, 2001
Rowan Companies, Inc. has learned that on Friday, December 14, Amoco (UK) Exploration Company filed an Application for Permission to Appeal the Judgement handed down by the English Court on November 16, 2001. The English Court of Appeals will now consider, as a preliminary matter, whether or not to grant Amoco permission to appeal. Any substantive appeal will only be allowed to proceed if permission is granted.
Amoco has now paid to Rowan's subsidiary, British American Offshore Limited (BAO), the sums it was ordered to pay following the judgement of November 16, amounting to $88.6 million. A copy of Amoco's Application should be posted on Rowan’s website on or about December 21, 2001.
Related News
US House Panel to Hold Hearing on Baltimore Bridge Collapse
QatarEnergy and Nakilat Sign Long-Term Agreement for Nine QC-Max LNG Vessels
Unfinished Hornbeck MPSV Arrives at Eastern for Build Completion
Cambodia to Cut Shipping Through Vietnam by 70% With New China-funded Canal
DNV to Publish New Offshore Rules and Standards in July