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Equinor enters big settlement in drawn-out legal dispute

The Norwegian oil company pays USD 188 million to Chinese firm COSL. The two parties have reached an accord on a legal battle lasting years and which began with a tragic event.

Photo: Cosl

Equinor agrees to pay an extralegal settlement, ending a dispute that began when the Norwegian oil giant canceled a contract with China Oilfield Services in connection with rigs COSL Innovator and COSL Promoter.

The parties agree that Equinor will pay USD 188 million via the Troll license, operated by the Norwegian company, both Equinor and COSL confirm Wednesday.

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