Primeline Granted Interim Injunction Against CNOOC and CCL

World News: . []

As previously announced on November 15, 2017, Primeline applied to the Arbitral Tribunal for urgent interim relief to restrain CNOOC and CCL from giving effect to their purported termination of Petroleum Contract 25/34 and various related agreements on January 15, 2018, until the final award of the Arbitral Tribunal.

The Arbitral Tribunal heard the application for the interim injunction on January 5, 2018 in Singapore and has now issued its written decision granting Primeline’s application for interim measures and ordering CNOOC and CCL not to take any steps to give effect to their purported termination of the Petroleum Contract 25/34 and related agreements, by ceasing to perform their obligations under such agreements, until a Final Award is issued by the Arbitral Tribunal in the CNOOC Arbitration. The hearing of the merits of the CNOOC Arbitration is scheduled for September 2018.

More news and information about Primeline Energy Holdings Inc.

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Globe Newswire: 16:07 GMT Friday 12th January 2018

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