come on nido ann either shell or bhp as jvp, page-15

Quite correct Galileo, and probably the most important section of that Reuters report on the Shell site not mentioned on this thread is...

"Del Pilar said the company expects to hold the bidding later this month and award the contract in December or early January, adding that he is hopeful the project will be viable given its proximity to the Malampaya field.

“We expect the winning bidder to fund the drilling of two wells in exchange for the 20 percent (government) interest,” he said, adding that drilling one well normally costs between $25 million and $30 million."

Somebody posted recently (apologies for not remembering your nic) after phoning Jocot that NDO were in talks with two potential JVP's (meeting with one that week)...could easily relate to SC63 and this article.