APO: Minister orders termination of all contracts with US based Oil Service Company Subsea 7 for refusal to comply with Local Content laws and regulations
At the South Sudan Oil and Power Conference in Juba, the Minister of Mines and Hydrocarbons announced the decision to mandate all petroleum operators including but not limited to Noble Energy, Exxon Mobil, Kosmos Energy, Trident, Marathon Oil Corporation and other operators to cancel all contracts with US based oil service company Subsea 7, due to noncompliance of Equatorial Guinea’s local content regulations. “As Minister, I have an obligation to ensure the laws of the country governing the hydrocarbon ...
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Added November 21, 2018