Andes Petroleum Ecuador Ltd v Occidental Exploration and Production Company - United States District Court Southern District of New York Case 1-21-cv-03930 - Order and Opinion Granting Petition to Confirm and Denying Motion to Vacate the Arbitration Award - 19 November 2021
This case arises out of a dispute and subsequent arbitration regarding an agreement to carry out hydrocarbon development in the Ecuadorian Amazon Region ("Block 15"). Petitioner Andes Petroleum Ecuador Limited ("Petitioner") moves to confirm (ECF No. 1), and Respondent Occidental Exploration and Production Company ("Respondent") moves to vacate (ECF No. 28), an arbitration award of approximately $500 million. For the reasons described below, Petitioner's motion to confirm is granted, and Respondent's motion to vacate is denied.