AMNI clarifies context following related court rulings

By Isa Isawade

AMNI International Petroleum Development Company Limited has clarified context in related court rulings involving Cenroc FPSO Solutions Limited and CCM.

The company, in a release on Monday, clarified issues following recent media reports concerning court rulings involving it and the two companies.

According to the statement, “AMNI considers it important to clarify that both matters arise from substantially similar commercial disputes relating to contractual claims. The companies referenced in these proceedings are affiliated entities with overlapping directorship and management structures.”

The company stated that the disputes concern documentation and substantiation of certain contractual claims which AMNI had formally challenged in accordance with the agreements executed between the parties are both subject to appellate processes, including applications for stay of execution and related relief.

It clarified that: “AMNI is pursuing all available legal remedies through the appropriate judicial channels.

“The Company wishes to emphasise that these proceedings do not relate to insolvency or inability to meet obligations.

“AMNI continues to operate in the ordinary course of business and remains fully committed to its regulatory, contractual, and operational responsibilities.”