Cyprus-based drilling contractor Songa Offshore said today that a tribunal’s decision to award it damages over a rig construction project had been appealed.
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) had claimed $372.8million in compensation from Songa for cost overruns and additional work needed.
DSME said it incurred extra costs on the Songa Equinox and Endurance vessels due to errors in the design documents.
But Songa said in July that a tribunal in London had ruled in its favour.
Songa said at the time that if DSME did not appeal the decision, it would press ahead with its counterclaim of $65.8million.
Today, Songa said DSME had sought permission to appeal.
However, Songa considers that DSME made its application too late and that the appeal is unlikely to be granted.
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