Jul 15, 2014
Bowleven set to end Strategic Alliance Agreement with Petrofac
Bowleven set to end Strategic Alliance Agreement with Petrofac
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Africa focused oil and gas explorer Bowleven which operates in Kenya and Cameroon has announced it will be terminating the Strategic Alliance Agreement with Petrofac after the two companies reached a mutually acceptable agreement.
Under the agreement Bowleven will pay $9 million to Petrofac upon completion of the farm-out transaction as full and final settlement and the…
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