Tullow confirms Jubilee BI cover valid
Tullow Oil, the operator of the damaged Kwame Nkrumah
floating production, storage and offloading (FPSO) vessel, has
confirmed its insurers have accepted business interruption (BI)
claims as recoverable.
In a statement released today, the company said its lead
insurers would provide cover for loss of revenue as a result of
production outages.
The losses relate to the failure of the vessel's anchoring
and the downtime associated with work needed to re-establish normal
operations at the Jubilee oi
Read more »