MISC said in an announcement to Bursa Malaysia yesterday that the amount would be paid as increased day rates under the Nov 9, 2012 lease agreement between GKL and Sabah Shell for building and leasing the Gumusut-Kakap semi-floating production system
PETALING JAYA: MISC Bhd
unit Gumusut-Kakap (L) Ltd (GKL) has been awarded US$254.44mil (RM1.13bil) by the Kuala Lumpur Regional Centre for Arbitration following arbitration proceedings between MISC and Sabah Shell Petroleum Company Ltd.
MISC said in an announcement to Bursa Malaysia yesterday that the amount would be paid as increased day rates under the Nov 9, 2012 lease agreement between GKL and Sabah Shell for building and leasing the Gumusut-Kakap semi-floating production system.
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