UK’s Forum Energy granted force majeure amid China, Philippines dispute

3/3/2015

LONDON -- Forum Energy confirmed Monday that the Philippine Department of Energy (DOE) had granted a force majeure on Service Contact 72 (SC 72) because this contract area falls within the territorial disputed area of the West Philippine Sea, which is the subject of a UN arbitration process between the Philippines and China.

Under the terms of the force majeure, all exploration work at SC 72 is immediately suspended (effective Dec. 15, 2014) until the DOE notifies the company that it may commence drilling. As a result, the second sub-phase of SC 72 has been put on hold until further notice.

The terms of the second sub-phase and all subsequent sub-phases will be extended by the term of the force majeure.

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