Medusa v. Montenegro Medusa (Montenegro) Limited v. Montenegro (PCA Case No. 2015-39)
United Kingdom
Oil and gas exploration rights under a joint venture contract with local petroleum company AD Jugopetrol Kotor.
Claims arising out of the Government’s alleged disruption of the claimant’s hydrocarbon exploration activities in the offshore area of Prevlaka in Montenegro.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
PCA (Permanent Court of Arbitration)
Veeder, V. V.
Brower, C. N.
Thomas, J. C.
Decided in favour of State
Award dated 17 July 2019
Dissenting Opinion by Charles N. Brower
100.00 mln EUR (112.30 mln USD)
Data not available
Data not available
None - jurisdiction declined