LONDON--Tullow Oil PLC (TLW.LN), said Monday it has temporarily suspended all operations as a precautionary measure in Block 10BB and Block 13T in Northern Kenya, following demonstrations by local staff about labor issues.
The oil and gas exploration and production company said it is working closely with the local communities, the local and national government so that work on the blocks can resume work as soon as possible.
Tullow Oil shares closed Friday at 979.0 pence, valuing the company at GBP8.9 billion.
-Write to Razak Musah Baba at firstname.lastname@example.org; Twitter: @Raztweet
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October 28, 2013 03:49 ET (07:49 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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