Tullow Oil Says Ghana Tax Arbitration Had Successful Outcome

Tullow Oil says arbitration decision means it isn’t liable to pay a $320m tax assessment issued by Ghana.

• Will have no future exposure to the branch profit remittance tax regarding its operations under Ghana petroleum agreements
• Tullow continues to engage with Ghana’s government on two other disputed tax claims that were referred to the International Chamber of Commerce in 2023
• Statement

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Jim Silver in New York at jsilver@bloomberg.net

To contact the editor responsible for this story:
Zachary Fleming at zfleming2@bloomberg.net

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