SP,
Refer the links below.
The indemnification was paid for certain potential losses related to the disposition.
It had nothing to do with their Athena contract that was terminated after 3 wells in Angola instead of 4. COP paid OceanRig USD43mil. COP's withdrawal & asset writeoff's from Angola is under arbitration with Sonangol with the UNCITRAL.
Also attached is the link to the Original PSC & JOA for some leisure reading over the long wkend alongwith link to Decrees etc. Couldn't find any recent Ministerial decree's post Cairn-FAR farm out.
Noticed FAR's AnnRep't had the chef's payout figure, any theories on his exit, anyone??
http://itie.sn/contrats-petroliers/
http://www.jo.gouv.sn/spip.php?article4485 ( link to Hunt decree)
http://www.jo.gouv.sn/spip.php?page=recherche&recherche=Australia (link to FAR decrees)
Link to 2016 form 10-Q lodged by COP.
http://phx.corporate-ir.net/phoenix...9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3
Hope this helps.
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