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Saturday September 22, 2012
SapuraKencana files claim
PETALING JAYA: SapuraKencana Petroleum Bhd has initiated arbitration proceedings against India's stateowned Oil and Natural Gas Corporation Ltd (ONGC) following a dispute over a December 2005 contract to revamp 26 well platforms in India.
The company told Bursa Malaysia its unit Sarku Engineering Services Sdn Bhd had filed a statement of claim against ONGC in relation to disputes following the contract for 1.063 trillion Indian rupees and US$123.82mil (including interest, costs, losses and damages).
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