ConocoPhillips Seeks Confirmation Of $54M Arbitration Award

Mealey's (August 15, 2019, 10:49 AM EDT) -- NEW YORK — ConocoPhillips Gulf of Paria B.V. (CGP) petitioned a New York federal court on Aug. 5 to confirm a $54 million final arbitration award regarding a dispute of an offshore oil project in Venezuela for the development of light and medium crude oil (ConocoPhillips Gulf of Paria B.V. v. Corporación Venezolana Del Petróleo, S.A., et al., S.D. N.Y., No. 19-7304)....