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 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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