2nd Jun 2015 08:21
LONDON (Alliance News) - Canadian Overseas Petroleum Ltd on Tuesday said it and partner ExxonMobil Corp remain committed to completing the work programme at the LB-13 project in Liberia despite the outbreak of the Ebola virus having hit work in the area.
Canadian Overseas said ExxonMobil, the operator of the licence, remains in talks with the Liberian government about operations at the site, which have been hit by the Ebola crisis, and said the government is continued to provide assurances that it will act under the terms of the production sharing contract for the site and provide Canadian Overseas and ExxonMobil sufficient time to complete the work programme.
Now that the country has been declared Ebola-free by the World Health Organization, ExxonMobil is now planning the next steps for its operations.
Shares in Canadian Overseas were untraded on Tuesday morning, having last traded at 4.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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