$257m, 17 years: Tullow Oil’s long-running dispute with a French manufacturer will move ahead
A judge in the UK has cleared the way for a $257 million (€221.7 million) dispute between Tullow Oil and a French tubing manufacturer, which goes back as far as 2008, to move ahead. Tullow, the Irish-founded oil explorer, is suing France’s Vallourec, a manufacturer of tubing for the energy sector, over what it deemed defective product that was installed at its oil field in Ghana. Earlier this month, a London court ruled on procedural matters around the contract that was agreed by both parties in November 2008, siding with Tullow. The decision is a blow to Vallourec, which had…
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