GREY:NKRSF - Post by User
Comment by
Bigwhiskeyon Nov 06, 2014 7:26am
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Post# 23100878
RE:Does Niko still have any % interest in Cambay basin
RE:Does Niko still have any % interest in Cambay basinIn July 2005, Oilex entered into an agreement with the Cambay Field Joint Venture, comprising Gujarat State Petroleum Corporation and Niko Resources to acquire a 30% participating interest in the production sharing contract (PSC) covering the Cambay field. Oilex acquired a further 15% equity interest from Niko and now holds a 45% participating interest in the Cambay PSC.