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Article: PTTEP CANCELS CONTRACT WITH AUSTRALIA'S CLOUGH FOR OFFSHORE FACILITIES.
- Article from:
- AsiaPulse News
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PERTH, Nov 5 Asia Pulse - The company behind an oil spill in the Timor Sea has terminated a contract with an Australian construction firm to complete offshore facilities at the field where oil leaked for 10 weeks.
Clough Ltd (ASX:CLO) announced to the Australian Stock Exchange on Thursday that Thai-based company PTTEP had terminated a contract with Clough.
A well at PTTEP Australasia's Montara oilfield began leaking on August 21 and was finally plugged on Tuesday.
On Sunday a fire broke out at the nearby West Atlas rig, operated by PTTEP as experts attempted to plug the well with heavy mud.
Clough said PTTEP terminated a contract for ...