Fifth Circuit rules in multi-party drilling dispute
Kyriaki Karadelis • Thursday, 2 August 2012 (9 months ago)
A US Appeals Court has ruled that three arbitrators, not five, must hear a dispute between BP, ExxonMobil and drilling service provider Noble, in line with an arbitration clause based on the 1976 UNCITRAL rules.
BP and Exxon both intended to use the Noble Homer Ferington rig for drilling activities in Libya (Credit: Noble Corporation)
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