Court rules against Dommo Energia in Brazilian offshore field case

Brazilian oil and gas company Dommo Energia has lost a dispute with compatriot companies QGEP and Barra Energia over BS-4 Block offshore Brazil, which will result in Dommo’s expulsion from the block.

As stated in Dommo’s announcement on Wednesday, the arbitration award was issued by the Arbitration Court on Tuesday, September 25, 2018, in respect to the first phase of the arbitration proceeding managed by the London Court of International Arbitration – LCIA, established by Dommo Energia against Queiroz Galvão Exploração e Produção S.A. (QGEP) and Barra Energia.

To remind, Barra Energia in October 2017 exercised its rights to expel Dommo Energia from the Block BS-4, under the terms of the consortium’s joint operating agreement (JOA), and Dommo subsequently disputed this action.

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