Comprehensive  Ghana Oil and Gas news, information, updates, analysis


NEWS

Court Ruling Goes in Favour of Kosmos Energy

  • SOURCE: Reportingoilandgas | qwesa2big
    • POSTED ON: July 19, 2018
    • CATEGORY:

    According to Tullow, a panel of arbitrators, working under the jurisdiction of the International Chamber of Commerce, has delivered an award in favour of Kosmos Energy Ghana HC (Kosmos) in relation to its dispute with Tullow Ghana Limited.(Tullow) regarding its share of the liability of costs related to the West Leo rig beyond 1 October 2016. The tribunal’s award is final and binding.

    This was announced in a statement released by Tullow Oil.

    As a result of this ruling, Kosmos is not liable for its share of costs, being $50.8m, arising from the recent case in the English Commercial Court brought by Seadrill Ghana Operations Ltd (Seadrill) against Tullow. The arbitration award also provides that Tullow is due to reimburse Kosmos for some of its legal and rig demobilisation costs.

     

     

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar