The Arbitration Court of the North Caucasus District allowed a claim…
The Arbitration Court of the North Caucasus District allowed a claim of more than 64 million rubles to be recovered from a Russian oil extraction enterprise in favor of a foreign company, based on a ruling by the International Commercial Arbitration Court (MICS) under the Russian Federation's Chamber of Commerce and Industry.
Consensus
- The Arbitration Court of the North Caucasus Region confirmed the right to collect over 64 million rubles from the Russian oil company 'Chepakovskoe'.
- The dispute originated from a 2020 contract for drilling support in Stavropol Krai.
- In May 2022, drilling equipment became stuck in a well and could not be retrieved.
- According to the contract, 'Chepakovskoe' was obligated to compensate for the cost of new equipment.
- Schlumberger Logelco Inc. filed a claim with the International Commercial Arbitration Court at the Russian Chamber of Commerce and Industry (MKAAS).
- In December 2025, MKAAS partially satisfied Schlumberger Logelco's claims and ordered the payment of over 64 million rubles.
- The Russian company did not voluntarily pay the amount.
- In December 2025, Schlumberger Logelco applied to the Arbitration Court of Stavropol Krai for an enforcement order.
- In May 2026, the court granted the enforcement order.
- The company 'Chepakovskoe' appealed the decision, arguing that the arbitration was invalid and that payment to a company linked to a hostile jurisdiction violated Russian public order.
- The appellate court upheld the enforcement order, stating that state courts do not review the merits of arbitration decisions.
- The court confirmed that the registration of Schlumberger Logelco’s owners on the British Virgin Islands does not exempt the Russian party from fulfilling its obligations.
Points of divergence
- The dispute also involved disagreements over payment for chemical reagents, removal of equipment, and personnel. — fontanka
- In August 2022, the parties reached a settlement where 'Chepakovskoe' agreed to compensate for the lost tool, but only paid part of the amount. — kommersant
- The case reached the appellate court in July 2026. — fontanka
- The appellate court decision was issued in late July 2026. — kommersant
Coverage (2 sources)
- Hostile, but a creditor. Russian court ordered Russian oilmen to pay foreign company — Фонтанка
- Court awarded 64 million rubles to Schlumberger Logelco against "NP "Chepakovskoe"" — Коммерсантъ