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BRIEF-ConocoPhillips says wholly owned unit, Burlington Resources Inc, received arbitration award of $380 million from International Arbitration Tribunal
February 8, 2017 / 10:25 PM / 8 months ago

BRIEF-ConocoPhillips says wholly owned unit, Burlington Resources Inc, received arbitration award of $380 million from International Arbitration Tribunal

Feb 8 (Reuters) - Conocophillips

* ConocoPhillips says wholly owned unit, Burlington Resources Inc, received arbitration award of $380 million from International Arbitration Tribunal

* ConocoPhillips says arbitration award relates to Ecuador’s “expropriation” of Burlington’s investment in “breach of U.S.-Ecuador bilateral investment treaty”

* ConocoPhillips says tribunal issued separate decision that Ecuador was entitled to $42 million for certain environmental and infrastructure impacts Source text for Eikon: Further company coverage:

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