Karoon has agreed to pay US$9.6 million to Pitkin in full and final settlement of all claims of Pitkin and its associates in connection with Block Z-38.
better than…
26/5 … damages that are currently being assessed by Pitkin (but which Pitkin states are estimated to be in excess of US$100 million).
bunch of chancers, lol
Ann: Settlement of Dispute in respect of Block Z-38 Offshore Peru, page-2
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