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Ghana: Tullow loses Seadrill case
Tullow is considering an appeal against an English court ruling that it was not entitled to terminate its West Leo rig contract with Seadrill in December 2016 by invoking force majeure provisions. The 3 July ruling in London’s Commercial Court by Mr Justice Teare requires Tullow to pay Seadrill a contractual termination fee and other standby fees that accrued in the 60 days before termination of the contract. Tullow said the fees totalled $254m.
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