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{"id":15474,"date":"2016-02-09T01:09:16","date_gmt":"2016-02-09T01:09:16","guid":{"rendered":"http:\/\/www.seonewswire.net\/2016\/02\/oil-lawsuit-filed-in-texas-court-over-alleged-breach-of-joint-operating-agreement\/"},"modified":"2016-02-09T01:09:16","modified_gmt":"2016-02-09T01:09:16","slug":"oil-lawsuit-filed-in-texas-court-over-alleged-breach-of-joint-operating-agreement","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2016\/02\/oil-lawsuit-filed-in-texas-court-over-alleged-breach-of-joint-operating-agreement\/","title":{"rendered":"Oil lawsuit filed in Texas court over alleged breach of joint operating agreement"},"content":{"rendered":"

In a lawsuit filed in Texas, a small oil company alleges that its partner drillers in Guinea breached a joint operating agreement on offshore drilling.<\/p>\n

Hyperdynamics Corp. filed suit claiming that Dana Petroleum PLC and Tullow PLC used a now-settled foreign corruption investigation under the U.S. Foreign Corrupt Practices Act to delay drilling activities long after the investigation was resolved. The lawsuit claims that the delays are putting in jeopardy the drilling of a well that a contract requires to be completed by September. According to the lawsuit, the small company could lose its concession, which is its sole asset, if the well is not completed on time.<\/p>\n

Hyperdynamics claims that the defendants are in breach of the joint operating agreement and is acting in bad faith, because its supposed reason for failing to proceed has no foundation, as the investigation is now settled. Hyperdynamics said that it had provided its partners with (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a lawsuit filed in Texas, a small oil company alleges that its partner drillers in Guinea breached a joint operating agreement on offshore drilling. Hyperdynamics Corp. filed suit claiming that Dana Petroleum PLC and Tullow PLC used a now-settled…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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