OPERATIONS

ConocoPhillips issues default notice to 3D Energi

Unpaid cash balance linked to the Otway drilling

Nathan-Lee Abrahams

Transocean Equinox drilling rig

Transocean Equinox drilling rig | Credits: 3D Energi

ConocoPhillips has issued a default notice to junior joint venture partner 3D Energi after drilling costs blew out on the Otway Phase 1 program, leaving the company short of cash. The default notice...

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