FPSO
Location: Latin America
Two FPSO’s were constructed at yards in Central America and fitted out in ports in Latin America. The Projects overran in both time and cost, resulting in claims exceeding US$1bn. Detailed quantum investigations were undertaken, tens of thousands of cost files in multiple languages were analysed, and a final figure presented for Arbitration. Then at a New York venue, expert evidence was given and was well received by a panel of three international arbitrators.