OMV MAURICE ENERGY LIMITED versus OCEAN PAKISTAN LIMITED
Section 20 and 4 Arbitration Agreement Petition to enter the court and arbitrate the case Petroleum Concession Agreement and Petroleum Form-Out Agreement Applicants, based on the Petroleum Concession Agreement between the Government and the Defendants, Contract to perform the Petroleum Exploration operation The respondents signed a Deed of Assignment Agreement for the search work, based on the Failout Agreement and the Deed Assignment under the Field Out Agreement, the majority of the shares of Operation 75 shares. Were transferred while the remaining minority shares were retained by the defendants The dispute between the parties and the parties arises in connection with the dispute arising after the commencement of the exploration work on the basis of the default and respondents' farm-out agreement. Under T, its form-out contract was arbitration for such dispute resolution, and because the defendants did not want to initiate arbitration, the respondents' position was that the transfer of the share of the proceedings to the applicant was unconstitutional. The petition was challenged, and the defendants launched a civil. With regard to the demand for payment, and the applicant's right to perform exploration work and in the presence of this constitutional petition and civil suit, the matter cannot be referred to arbitration and that the form-out agreement is a deadline. Assignment is rejected under validation. The deed assignment itself was issued on a farmout agreement basis, and it cannot be said that the assigned deadline terminated the responders of the formout agreement, based on the formout agreement
