Ann: Strike Grants West Erregulla Gas Offtake Option, page-57

"Since the FID is attached to the financing which may have an impact on the debts level of the company and to the dividend, the FID will be made by the Board of the company based on the proposal of the Executive Committee.

The FID may be postponed until the Board and the Executive Committee are aligned.
This point takes a particular importance in large project driven by a joint venture between two or more partners.The joint venture may have its own Executive Committee, while decisions are made the Board of the different partners.

The company named as operator leads the Executive Committee of the joint venture, while the Boards remained attached to the individual partners.
When made, the FID triggers the project execution and in practice the EPC phase."