Unaoil wins contractual claim against Leighton Offshore at the High Court
18 September 2014
After a five day hearing, the English High Court has decided in Unaoil’s favour in its contractual dispute against Leighton Offshore relating to Phase III of the Iraq Crude Oil Export Expansion Project (ICOEEP), also known as the JICA project. As a result of the decision, which was handed down on 12th September 2014, Leighton Offshore has been ordered to compensate Unaoil for damages and has accepted to do so.
This decision was made following written and oral evidence from both Unaoil and Leighton and confirms that Unaoil entered into a legally valid and binding contract. The presiding Judge also noted that Leighton Offshore had agreed to enter into a contract with Unaoil as its onshore contractor because “Unaoil had experience operating in Iraq and the expertise, local knowledge and personnel to carry out the onshore element.”
Naturally Unaoil is satisfied with the outcome of this process and remains proud of the work that it has done and continues to do in Iraq, as with the other territories in which it operates. As well as investing significantly in repair, maintenance, training and accommodation facilities across southern Iraq, Unaoil has established itself as a leading power plant contractor, most recently undertaking a turnkey $85 million EPC contract to build power plants at three separate site locations.
With the High Court matter now closed, Unaoil will continue to invest in its core business of providing superior local content to the energy sector in challenging emerging markets.