UK-services firm Petrofac is eying $533mn in compensation from BP, Equinor and Sonatrach owing to security-related disruptions to its work schedule at Algeria’s 9 bcm/y In Salah gas development back in 2013-14.
Petrofac initiated arbitration on 7 August 2020, according to Equinor’s third quarter results released on 29 October. (CONTINUED - 760 WORDS)
