Reuters logo
BRIEF-Tullow insurers agree firm can claim over Jubilee field issue
September 30, 2016 / 6:15 AM / a year ago

BRIEF-Tullow insurers agree firm can claim over Jubilee field issue

Sept 30 (Reuters) - Tullow Oil Plc

* Business interruption policy, which is procured for tullow’s interest in its major producing assets, covers loss of revenues as a result of production outages

* Will continue to work closely with loss adjusters and insurers to establish an efficient payments schedule as remedial work continues.

* Received confirmation from its lead insurers that they accept there is a recoverable claim with respect to group’s corporate policy for business interruption insurance following damage to jubilee turret bearing earlier this year.

* Will provide an update on progress of this project in its next trading statement on 9 november 2016. Source text for Eikon: Further company coverage: (Reporting By UK Bureau)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below