Hess Corporation Reaches Amicable Tax Settlement With Equatorial Guinea
A tax settlement between the Ministry of Mines and Hydrocarbons and the partners of the Ceiba and Okume fields has been reached, the Ministry announces.
Minister of Mines and Hydrocarbons: “Equatorial Guinea has a stellar record in honoring the sanctity of contracts.”
Hess Corp. has an 85 percent interest in the Ceiba and Okume fields and Tullow Oil has a 15 percent stake. Operator Hess is selling its stake to Kosmos Energy.