Greywolf - Renegotiate the consortium in Block 5B
I have found the following which says that there will be some changes in the consortium for Block 5B. Ashley said at the Q2 report that Lundin had proposed that Ascom should get a small percentage of the block although Petronas doesn't seem to agree with that.
"The NCP will renegotiate the composition of the consortium in Block 5B, now Petronas 39%, Lundin 24.5%, ONGC Videsh 23.5%, and Sudapet 13%. Contrary to White Nile, the challenger to this consortium, Ascom S.A., will obtain satisfaction, as the NPC has the intention to open the consortium for this Moldovan company. Nilepet will obtain a share of 10%, fully-carried. The future composition is under negotiation, but it is believed that Sudapet’s share will be reduced to 10% to come on equal footing with Nilepet. Petronas, the operator of the Block, has never taken action against Ascom’s competing claim for fear of alienating the GoSS. The members of the consortium are expected to be accommodating in return for access to the most prospective parts of the Block, in the Sudd area East of the White Nile, where Ascom has been heavily investing over the past two years."
gurtong.org
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