“We are delighted with the outcome and decision of the tribunal, which affirms our assessment and removes a material overhang from our business,” said Tullow Chief Executive Officer, Rahul Dhir.
“We have continuously had confidence in the sanctity of our petroleum agreements and the dispute resolution process, which has now brought certainty to all parties.
“I look forward to constructive discussions with the Government of Ghana to resolve the remaining claims so that our collective focus remains on maximising value from the Jubilee and TEN fields.”