COSL wins lawsuit against Statoil

COSL wins lawsuit against Statoil

China Oilfield Service (COSL) has announced that Oslo City Court has ruled in the company’s favour in a lawsuit against Norwegian energy firm Statoil.

COSL filed the lawsuit against Statoil in December 2016 due to a dispute regarding the termination of the drilling contract  COSL Innovator after the rig was hit by a storm on the Troll field.

The court has ruled that Statoil’s termination of the contract was unlawful and ordered Statoil to pay cancellation fee under the contract.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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