Kenya rejected Tullow Oil’s freeze of Turkana project resulting in the latest move to lift a force majeure announced in May. Force majeure refers to a clause that is included in contracts to remove liability for natural and unavoidable catastrophes should they come to pass. Covid-19 effectsTullow had called a force majeure on its licences in Turkana, essentially stopping work due to effects of restrictions caused by coronavirus on the company’s work programme and tax changes in Kenya. The explorer said it had stopped the clock on the licences with the time accrued under force majeure expected to be added to the end of the licence when it would be lifted. Tullow said the move differed significantly from regional benchmarks in the oil and gas sector, pushing to have its reversal during the force majeure.

Source: Daily Nation August 27, 2020 06:46 UTC