Cases & Deals

Chevron pursues arbitration to enforce contractual right to indemnification against Petroecuador

Client(s) Chevron Corporation

Jones Day represented Chevron Corporation in an arbitration initiated in June 2004 against Petroecuador, the state-owned oil company of Ecuador, to enforce a contractual right to indemnification under a Joint Operating Agreement. Residents of Ecuador have brought environmental claims against Chevron in an Ecuadorian court, based on the operations of an oil consortium in which Petroecuador and a Chevron subsidiary, Texaco Petroleum Company ("TexPet"), participated.

ChevronTexaco Corp. v. Petroecuador, No. 50 T 198 00297 04 (American Arbitration Association); Republic of Ecuador v. ChevronTexaco Corp., No. 04 Civ. 8378 (LBS) (S.D.N.Y.)