Shell and ExxonMobil request arbitration panel to rule on Groningen related contractual arrangements - Press Release - 13 February 2024
Country
Year
2024
Summary
Shell and ExxonMobil in the 2018 Heads of Agreement and the 2019 Interim Agreement made arrangements with the government about the new design of the Dutch “Gasgebouw” and the wind-down of gas production from the Groningen field. Since then, we have spoken many times about the interpretation and implementation of these arrangements. So far, this has not led to agreement. For that reason, the two companies are now asking independent arbitrators panel to render a judgement.