UK & Europe
Global law firm Clyde & Co has successfully represented its client Apache in its claim against Ineos FPS before the High Court in London.
In the case Apache North Sea Limited v Ineos FPS, oil and gas exploration company Apache had sought to increase the volumes shipped under its Transportation Processing Agreement for a further 20 years, to which request Ineos FPS was not entitled to unreasonably withhold its consent.
In a judgment handed down this morning, Mr Justice Foxton ruled that Ineos FPS was not entitled to condition its consent on an increase in tariff to be paid by Apache in reliance upon the investment that Ineos FPS stated it was making into the Forties Pipeline System in the North Sea.
The Clyde & Co team was led by partners David Bennet and Mark Walsh.
The full judgment can be found here.