Summary

As explained further below, this action concerns a claim by the Claimant against the Defendant for alleged breach of a contract, made in 2008, to supply tubing for installation in six water injection wells in an oil field offshore of the Republic of Ghana. The Claimant alleges that tubing supplied under the contract was defective and that as a consequence it has suffered loss and damage such that it is entitled to damages presently calculated as being US$257,484,257.