Engagements

Termination of offshore oil and gas exploration licenses

Pipes Oil and Gas

CRA’s Christian Jeffery was engaged by Respondent in ICSID Case No. ARB/17/38. The dispute regarded the termination of offshore oil and gas exploration licenses that had been previously held by the Claimants. Supported by a team of analysts in the CRA Energy practice, Christian submitted expert reports critiquing the valuation of these licenses that had been put forward by Claimants’ expert and provided alternative valuations. The case settled in late 2020.