Unlike many (?most) posters, I view this as a grenade, a watershed, a defining time, and almost every action now has a potentially serious downside. This is not a schoolyard spat; it is not "Us vs Them" anymore in some moral dilemma.
This notion that there is "nothing to lose, everything to gain" is a nonsense and, frankly, childish. What we have seen today has the makings of a disaster for all parties unless managed pro-actively and really well. Today, we have seen the inklings of the worst possible scenario - a fractured and non-aligned Joint Venture. This has the potential to significantly delay development by greed, posturing and/or legal miasma. Make no mistake, nothing will cost the project more than a non-aligned Joint Venture.
FAR Board - Formally, informally, or in a court, fix it. Resolve the ownership, the Operatorship and any other issues and get behind the Operator - stop the sniping; it will cost dearly if not resolved.
Mutineer
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- Ann: WPL: Offshore Senegal Development Update
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