SDRL - Seadrill Partners Receives Notice of Force Majeure for the West Leo
(Thomson Reuters ONE) -
London, United Kingdom, October 3, 2016 - Seadrill Partners ("SDLP" or "the
Company") has received a notice of Force Majeure from Tullow Ghana Limited
("Tullow") for the West Leo drilling contract (the "Contract") effective 3
October 2016. The Company disputes Tullow's claim for Force Majeure and will
enforce all its rights as per the contract and governing law.
The West Leo has most recently been employed on the TEN development project in
Ghana. Tullow claims this field is subject to a drilling moratorium by the
government of Ghana due to the ongoing arbitration proceedings before the
International Tribunal for the Law of the Sea ("ITLOS") to determine the
delineation of a disputed border. Irrespective of whether that is correct,
additional Tullow operated fields within Ghana, where the West Leo has
previously operated under the Contract, are not subject to such arbitration
proceedings. However, as part of its claim, Tullow has asserted that a further
drilling moratorium applies to these additional fields, although no satisfactory
justification has been provided.
Consequently, Seadrill Partners strongly believes that the grounds required for
a Force Majeure claim have not been met.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Seadrill Partners LLC via GlobeNewswire
Datum: 03.10.2016 - 15:12 Uhr
Sprache: Deutsch
News-ID 498379
Anzahl Zeichen: 1747
contact information:
Town:
London
Kategorie:
Business News
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