OPINION
J. CURTISS BROWN, Chief Justice.
This appeal arises from a judgment in a suit for breach of a joint venture agreement between Union Texas Petroleum (UTP) and Pluspetrol S.A. (an Argentine Company). Pluspetrol assigned their rights under this contract to Barrett S. Duff (Duff).
On November 26, 1980, UTP and Pluspetrol signed an agreement to submit a joint bid for an offshore oil and gas concession at an area known as Block D-1 (an area located...
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