COSL files lawsuit against Statoil

COSL files lawsuit against Statoil

China Oilfield Services Limited (COSL) has announced that it has filed a statement of claim against Statoil with Oslo District Court of Norway through its law firm Wikborg Rein.

In March, Statoil terminated the drilling contract of COSL Innovator with compensation. COSL strongly disagrees with the decision and has communicated with Statoil on the matter. However, the differences between the two companies have yet to be resolved.

COSL claims that Statoil’s termination of the contract was unlawful and the contract should be maintained. If the contract cannot be maintained, COSL has claimed that Statoil is obliged to cover its loss.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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