CAMAC considers legal options against Northern Offshore

After Northern Offshore said today that the company has terminated the contract for the Energy Searcher drillship with the oil exploration company CAMAC Energy due to breaches in the drilling contract, CAMAC issued a counter statement.

Namely, CAMAC has said it has terminated its drilling contract with Northern Offshore, and not the other way around.

In its statement CAMAC claims that it terminated the drillship Energy Searcher contract by notifying Northern on January 7, 2015 that it elected to terminate the contract with immediate effect “for Northern’s repudiatory breach of contract and other material breaches of the drilling contract by Northern”.

According to CAMAC, these breaches have caused significant damages and loss, including delay damages and wasted spread costs to the company. Furthermore, CAMAC notes it is considering all legal options to enforce its rights under the contract.

The company’s Oyo Field drilling and completion operations are now being conducted by the Transocean Sedco Express semi-submersible drilling rig, which arrived on location in December, and CAMAC says that production is still expected to be online by the end of Q1 2015.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply