Petroleum Africa
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Wednesday, July 1, 2015
Erin Energy Corp. has reached an agreement with Northern Offshore International Drilling Co. Ltd. and Northern Offshore Ltd. to settle their dispute relating to the drillship Energy Searcher.
The company did not reveal the details of the agreement reached with Northern Offshore, but more on the agreement is expected to be released in the coming days.
Earlier this year Erin terminated its contract with Northern Offshore International Drilling Co. Ltd. for the drillship Energy Searcher. It notified Northern on January 7 that it had elected to terminate the contract with immediate effect for Northern’s “repudiatory breach of contract,” as well as other material breaches of the drilling contract by Northern.
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