Offshore staff
HOUSTON – The United States Second Circuit Court of Appeals has affirmed a judgment of more than $465 million for KBR subsidiary Commisa against PEMEX following a decade of litigation.
According toKBR, the case involved two offshore natural gas treatment, processing and reinjection platforms which Commisa built for PEMEX Exploracion y Produccion (PEP), platforms which PEP has used since 2004 but for which Commisa was allegedly never fully compensated.
Stuart Bradie, KBR’s president and CEO, said: “We are pleased the court affirmed this substantial judgment…an amount long overdue for work performed decades ago.
“This ruling represents another step closer to finally resolving this protracted dispute. While PEP may seek rehearing or apply to the US Supreme Court for review, KBR believes this decision moves us much closer to final resolution.”
The company’s trial team was led by Richard Marooney with King & Spalding LLP in New York. KBR’s appellate team was led by Paul Clement of Bancroft PLC in Washington, D.C.
08/03/2016
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