There is a strong probability that the Viking FPSO MOU arrangement with NXS was a major reason why Mitsui cancelled the AC/P23 25% purchase. Too much risk?
That was followed by the near immediate uptake of the 20% Farm-In to the (Shell / NXS) AC/P41, a vote of confidence as to the value of the Wider Crux Assets.
So there is a current alliance, Mitui, Osaka, Shell & NXS.
The securing of the FSPO by say Shell is the key part of these negotiations, and it would not surprise me to see Mitsui being part of a "consortium" in which also Osaka increases its stake.
It provides some substance for speculation...
I am still of the view NXS will secure the farm-in on favourable terms; I hope that it is a "water tight" agreement, and it happens within this month.
Good Luck...
SharpE
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