From Rueters – Malaysia’s Sime unit reaches settlement with Maersk Oil Qata


I expect to see someone dragging the good name of a local design consultant through the mud again soon.

Dateline 2011-03-23:

Malaysian conglomerate Sime Darby Bhd said its engineering unit has reached a settlement agreement with Maersk Oil Qatar A/S which will see it relieved of all outstanding works under a contract signed in 2007.

The plantations-to-property group said Sime Darby Engineering Sdn Bhd paid $41.9 million to Maersk Oil Qatar as final settlement for a project known as Block 5 Development Plan 2005.

..

 

This entry was posted on Sunday, April 3rd, 2011 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a comment