Article: PTTEP CANCELS CONTRACT WITH AUSTRALIA'S CLOUGH FOR OFFSHORE FACILITIES.

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 ...

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