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TUWOY - Judge orders Tullow Oil to pay Seadrill $254M in fees over Ghana dispute
Tullow Oil Plc Unsp/Adr
Tullow Oil (OTCPK:TUWLF, OTCPK:TUWOY) says a London judge has ordered it to pay rig owner Seadrill (NYSE:SDRL) a contract termination fee and other standby fees totaling $254M, ruling that Tullow was wrong to cancel a rig contract in 2016 after Ghana's government set a drilling moratorium on its TEN offshore oil and gas field located in waters then claimed by both Ghana and Ivory Coast.
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