Tullow Oil rig cancel costs jump by $50m

Tullow Oil is set to take a substantial earnings hit this year after seeing its final bill to cover a terminated rig contract in Ghana increase by nearly $51m (€44m) to over $190m.

Tullow Oil rig cancel costs jump by $50m

By Geoff Percival

Tullow Oil is set to take a substantial earnings hit this year after seeing its final bill to cover a terminated rig contract in Ghana increase by nearly $51m (€44m) to over $190m.

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