Maersk Oil Qatar has initiated arbitration against UK-based supplier SLP Engineering.
SLP Engineering was awarded a contract in 2006 for the delivery of offshore accommodation platforms for the Al Shaheen field development in Qatar.
After a long series of commercial, financial and scheduling problems with SLP, the contract was terminated by Maersk Oil Qatar in September 2008.
At the time, according to Maersk, a significant amount of work was still incomplete, despite concessions on the work schedule, payment terms and the provision of financial support by Maersk Oil Qatar.
"We have had no option but to initiate arbitration to seek recovery," said Managing Director Jakob Thomasen, Maersk Oil Qatar.
