Bergen Group arbitration claim
Norway The Bergen Group’s arbitration claim against the affiliate, made public in its quarterly results report, is worth NKR190 million ($23 million), relating to an alleged missing of payments for upgrade work on the Borgland Dolphin. The rig is currently the subject of several claims for non-payment from sub-contractors.
The recent claim is associated with the completion of work earlier in 2015 at the Bergen Group’s Hanoytangen facility as part of a five-year class renewal survey and upgrade on the semi-submersible platform. Work was completed in February.
According to the Norwegian contractor, the case will be heard by the court of arbitration during the second quarter of 2016.
For more news and features on Norway, click here.
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