Houston, Texas-based E&P company Hyperdynamics is suing its partners in projects offshore Guinea over alleged breaches of contract.
It is bringing two actions, one in the United States District Court for the Southern District of Texas, and one with the American Arbitration Association.
In each instance Hyperdynamics is seeking to compel Tullow Guinea Ltd and Dana Petroleum Ltd to meet their contractual obligations under a Joint Operating Agreement (JOA).
Tullow and Dana are accused of failing to drill wells as required in waters off the west African nation of Guinea.
Hyperdynamics is also seeking damages for harm caused by the delays so far. In particular, it claims that its partners have been responsible for repeated delays to drilling operations.
Dana is a wholly owned subsidiary of the Korean National Oil Company. Tullow Guinea is a subsidiary of UK-based Tullow Oil.
Hyperdynamics stands to lose the entire concession if a particular well is not drilled by September.
The company holds a 37% interest in the partnership to explore and develop off Guinea. Tullow holds 40% and Dana 23%.
