Tullow confirms non-BI Jubilee losses covered

Tullow Oil, the operator of the Kwame Nkrumah floating
production, storage and offloading (FPSO) vessel in the
loss-stricken Jubilee oil field, has confirmed that damage to the
facility's turret has been covered by its reinsurers.
In a statement released today, the company said the hull and
machinery policy placed on behalf of the joint venture partners
would cover all relevant operating and capital costs associated
with the current operating procedures on the FPSO and longer-term
solutions.
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