Woodside Energy Announces Bumi Appeal Dismissed
Source: www.gulfoilandgas.com 6/24/2022, Location: Not categorized
Woodside and Armada Balnaves Pte Ltd (Bumi) have been engaged in the Western Australian Supreme Court proceedings brought by Bumi (Armada Balnaves Pte Ltd v Woodside Julimar Pty Ltd CIV/1408/2016) with respect to Woodside's termination in March 2016 of the services agreement for the Armada Claire FPSO.
The Supreme Court trial was held in February - March 2019. The Supreme Court found in favour of Woodside in January 2020 and dismissed Bumi's claim.
Bumi subsequently appealed the Supreme Court's decision to the Western Australian Court of Appeal (CACV/31/2020), and the appeal was heard in July 2021.
In a judgment issued today, the Court of Appeal has found in favour of Woodside and dismissed Bumi's appeal.