Kosmos’ portion was estimated at USD 50.8 million, and Tullow will reimburse USD 14 million previously paid with interest, according to the press release.
Earlier in the month a London judge ordered Tullow Oil to pay Seadrill USD 254 million for the force majeure cancellation of its contract with the rig owner. The sum includes a termination fee and standby fees for wrongful termination of the deal.
Tullow had cancelled the contract in December 2016 following a drilling moratorium at the TEN field, located in waters both Côte d’Ivoire and Ghana claimed.
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