Edition:
India

Gas2grid Advises Philippine Department Of Energy Denied Time Extension Under Force Majeure


Monday, 17 Jun 2019 

June 17 (Reuters) - Gas2grid Ltd ::ADVISES PHILIPPINE DEPARTMENT OF ENERGY DENIED TIME EXTENSION UNDER FORCE MAJEURE.PHILIPPINE DOE DENIED CO'S REQUEST TO DELAY UNTIL END OF JULY COMMENCEMENT OF DRILLING OPERATIONS ON NUEVO MALOLOS-1 DEEPENING.DOE ADVISED CO TO COMMENCE DRILLING OPERATIONS AS PER CONDITIONS OF 2-YEAR EXTENSION, INCLUDING DRILLING NUEVO MALOLOS-1 DEEPENING BY 3RD JULY.FAILURE TO COMPLY WITH DOE RISKS TERMINATION OF SERVICE CONTRACT; CO WILL CHALLENGE BASIS OF DOE DECISION. 

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17 Jul 2019