- British firm Tullow Oil has announced its decision to resume its work and lift its declaration of force majeure on its main licenses in Kenya
- Authorities were worried that the force majeure move would further delay a final investment decision expected this year on the Turkana fields
British firm Tullow Oil has announced its decision to resume its work and lift its declaration of force majeure on its main licences in Kenya. Earlier the authorities were worried that the force majeure move would further delay a final investment decision expected this year on the Turkana fields. Force majeure refers to unexpected external unforeseeable occurrences such as natural disasters, strikes, and terrorist attacks. Declaring force majeure protects a party to a contract from any liability for non-performance.
In a statement issued by its partner company Africa Oil, it said that the lifting of Force Majeure notices has been facilitated by the improvement in Covid-19 pandemic restrictions worldwide and the resumption of local and international flights. It added that it would continue engaging the government on the project’s future including discussions regarding how the incentives granted to the project shall be facilitated.
