Niko Resources Ltd Update on Settlement of Arbitration Case related to Interest in D6 Block in India - Production Sharing Contract (PSC), Reliance Industries Limited, BP Exploration, London Court of International Arbitration (LCIA) - 27 December 2019
Country
Year
2019
Summary
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Niko NECO had entered into a settlement agreement with Reliance and BPEAL under which it agreed to withdraw from D6 PSC and settle its arbitration case filed under the rules of the London Court of International Arbitration in December 2017 in exchange for a settlement amount of $36 million, subject to adjustment prior to closing.
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