Afren updates Okoro contractual dispute

Offshore staff

LONDONAfren has commented on press reports concerning the shallow-water Okoro field development offshore Nigeria.

These concern AMNI Petroleum Development Co.’s apparent decision to terminate its production-sharing and technical services agreement with Afren Energy Resources.

Afren says it previously received and rejected a notice of breach of the agreement from AMNI, and disputes that AMNI is entitled to terminate the agreement for the alleged breaches.

Further, Afren says it has offered to meet AMNI to discuss the parties’ future collaboration under the agreement and that operations continue at Okoro in line with expectations.

04/09/2015

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...