CIMIC Group issues update on Gorgon LNG lawsuit
Australia’s CIMIC Group Ltd. released a statement yesterday about a Notice of Dispute the company issued in February relating to the Gorgon LNG Jetty and Marine Structures Project. The dispute revolves around payment for the construction of the Gorgon LNG project’s jetty. CIMIC is claiming it is owed approximately $1.42 B by Chevron Corp. and KBR Inc.
The original notice in February stated that, “During the project, changes to scope and conditions led to the Consortium submitting Change Order Requests (CORs). The Consortium, Chevron and Chevron’s agent remain in negotiations in relation to some of the CORs.”
The newly issued notice states that, “Negotiations under the contract continue,” but that, “If negotiations are unsuccessful, the parties may enter into an arbitration process under the contract.”
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