Petroleum Africa
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Wednesday, May 7, 2014
Tullow Oil has given notice to the government of Guinea and its partners offshore the country that it has lifted the force majeure on operations. The lift of the force majeure was effective May 3.
The force majeure was put into place when fellow partner Hyperdynamics’s PSC in Guinea fell under investigations in the US. Hyperdynamics said that diligent efforts are being made to satisfy the conditions to resuming petroleum operations which include clarification that the US FCPA investigations of Hyperdynamics will not adversely affect Tullow’s operations under the PSC.
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