Content Join OGEMID
 
  • Linkedin
  • Twitter
  • Rss

Transnational Dispute Management

Skip navigation

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

Join OGEMID

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

  • Sign in
  • Subscribe
  • Home
  • Sign in
  • About About
    1. Home
    2. About
    3. About TDM
    4. About TDM
    5. Founding Editor T.W. Wälde
    6. T.W. Wälde
    7. Editorial team
    8. Editorial team
    9. Contributing Authors
    10. Contributing Authors
    11. Subscriptions
    12. Subscriptions
  • Journal Journal
    1. Home
    2. Journal
    3. Browse Issues
    4. Browse
    5. Articles by Category
    6. By Category
    7. Articles by Author
    8. By Author
    9. Advance publication
    10. Advance publication
    11. Specials
    12. Specials
    13. Search
    14. Search
    15. Book reviews
    16. Reviews
  • Legal & Regulatory docs. L & r docs
    1. Home
    2. Legal & Regulatory docs.
    3. L&R by Country
    4. L&R by Country
    5. L&R by Category
    6. L&R by Category
    7. L&R recent additions
    8. L&R recent additions
    9. Search
    10. Search
  • Audiovisual library AV library
    1. Home
    2. Audiovisual library
    3. Audiovisual Library
    4. Audiovisual Library
    5. TDM/OGEMID Interviews
    6. TDM/OGEMID Interviews
    7. Conference presentations
    8. Conference presentations
  • OGEMID OGEMID
    1. Home
    2. OGEMID
    3. About OGEMID
    4. About OGEMID
    5. Suggest a topic
    6. Suggest a topic
    7. Guest programme
    8. Guest programme
    9. Seminar programme
    10. Seminar programme
    11. Browse archive
    12. Browse archive
    13. Search
    14. Search
    15. Join
    16. Join
  • News & Events Events
    1. Home
    2. News & Events
    3. News
    4. News
    5. Events
    6. Events
  • Subscribe
Home > Legal & Regulatory docs.

Hardy Exploration and Production India Inc v Government of India - Ministry of Petroleum and Natural Gas - Arbitration Award - 2 February 2013

  • Sign in to download document
Country
  • India
  • United Kingdom
Year

2013

Summary

BEFORE THE ARBITRAL TRIBUNAL COMPRISING

Justice S.P. BHARUCHA
Justice G.B. PATNAJK
Justice V.N. KHARE

In the Matter of Arbitration Dispute between:

M/S Hardy Exploration & Production (India) Inc. v Government of India, Ministry of Petroleum & Natural Gas

AWARD

...

In the present dispute between Hardy Exploration and Production (India) Inc. and Government of India, Ministry of Petroleum & Natural Gas a Production Sharing Contract had been entered into between the President of India. Acting through Joint Secretary, Ministry of Petroleum and Natural Gas. and Oil and Natural Gas Corporation Limited (ONGC) and Vaalco Energy Inc; a company established under the laws of United States of America (VAALCO): Hindustan Oil Exploration Company Limited, a company established under the laws of India (HOTC) and Tata Petrodyne Ltd., a company established under the laws of India (TPL) on 19th November, 1996 in respect of the contract area identified as Block CY-OS/2. Article 28 of the said agreement provides for assignment of interest. The contract area was 5010 Sq. Kilometers.. ..

...

It is declared that the discovery made by the Claimant and GAIL is NANG.

It is further declared that the order of relinquishment of the block by the Ministry f Petroleum and Natural Gas was illegal, being on the erroneous impression that the discovery was Oil. That order of relinquishment is declared to be null and void. It is ordered that the parties shall be immediately relegated to the position in which they stood prior 10 the relinquishment and the block shall be restored to the Claimant. The Claimant shall be entitled to a period of 3 years from the date on which the block is restored to it to carry out further appraisal. If on the basis of the result or such appraisal, the Claimant forms the opinion that NANG has been discovered in commercial quantities then it shall so intimate to the Management Committee. The Management Committee shall be entitled, in accordance with Article 21.4.3, to review the proposed appraisal program filed by the Claimant.

The Tribunal also awards and directs that the Respondent shall pay to the Claimant interest on the amount spent by the Claimant in the sum of Rs. 500 crores, from the date of relinquishment till the date on which the block is restored to the Claimant pursuant to the award.. ..

To download this document you need to be a subscriber

Sign in

Forgot password?

Sign in

Subscribe

Fill in the registration form and answer a few simple questions to receive a quote.

Subscribe now

Documents missing? Documents to share? Let us know!

If you know of documents which are currently missing from our Legal & Regulatory database do let us know. You can send them directly to us for inclusion in the database, anonymously or otherwise.
Learn more here

Call for contributions

TDM Call for Papers: Sanctions and International Arbitration: Impact on Substantive and Procedural Issues

Ali Burney, Rinat Gareev, Kiran Nasir Gore, Dini Sejko, Prof. Joel Slawotsky, May Tai

  • Ali Burney
  • Rinat Gareev
  • Kiran Gore
  • Dr Dini Sejko
  • Prof. Joel Slawotsky
  • May Tai

TDM Call for Papers: National Courts as a Forum for the Resolution of Disputes under Article 26 Energy Charter Treaty

John P. Gaffney, Dr. iur Richard Happ,
Lucia Raimanova, Anna-Maria Tamminen, Dr. Catharine Titi

  • John P. Gaffney
  • Dr. iur Ricard Happ
  • Lucia Raimanova
  • Anna-Maria Tamminen
  • Dr. Catharine Titi

TDM Call for Papers: International Investment Arbitration - Environmental Protection and Climate Change Issues

Professor Dr A F M Maniruzzaman, Wendy J. Miles QC, Carla Lewis, Dr Stephen Minas

  • Professor Dr A F M Maniruzzaman
  • Wendy J. Miles QC
  • Carla Lewis
  • Dr Stephen Minas

TDM Call for Papers: The African Continental Free Trade Agreement (AfCFTA)

J. Chaisse, J. Górski, E. Laryea, M.M. Mbengue, and K. Olaoye

  • Prof. Julien Chaisse
  • Dr. Jedrzej Gorski
  • Prof. Emmanuel Laryea
  • Prof. Makane Moïse Mbengue
  • Kehinde Olaoye
  • More
  • Contribute

Advance publication

Consequences of Not Regulating Third-Party Funding in Commercial Arbitration in Ecuador

24 Mar 2023

D.F. Ibarra Villacís

  • D.F. Ibarra Villacís

Transnational Investment State Arbitration: A New Game-Changer for Global Climate Change Goals

20 Mar 2023

I.D. Valones

  • I.D. Valones

Summary of Young-OGEMID Symposium No. 14: "International Arbitration and International Commercial Courts: Competitive or Complementary?" (March 2022)

3 Mar 2023

E.S. Delgado

  • E.S. Delgado
  • More
  • Contribute

Stay connected

Sign up for our email alerts.

  • Issues
  • Advance publication
  • News
  • Linkedin
  • Twitter
  • RSS

Join the debate

Want to join OGEMID, the leading on-line discussion platform for international dispute resolution?

Simply fill in the registration form to start your trial membership.

Download the app

  1. App store
  2. Google play

The Transnational Dispute Management Journal (TDM, ISSN 1875-4120) and OGEMID listserv focus on recent developments in the area of (investment) arbitration and dispute management, regulation, treaties, judicial and arbitral cases, voluntary guidelines, tax and contracting. Read our Terms & Conditions here, and our Privacy Policy here.

About TDM

  • Terms & Conditions
  • Contribute
  • Subscriptions
  • Contact
  • Help

Other publications

  • Oil, Gas & Energy Law Intelligence (OGEL)

© 2004 - 2023. Published by MARIS.

  • Home
  • Contribute
  • Subscriptions
  • Contact
  • Help