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Credit Suisse presentation, page-98

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    QUOTE
    If the transferee ceases to be an Affiliate of the Selling Party in the three years
    following the transfer, the transfer will be automatically canceled and the Percentage of
    Participation will be returned to the Party that made the transfer. The Selling Party
    remains the guarantor vis-à-vis other Parties, until the completion of the current period,
    for the proper performance of his or her assignees, obligations arising for or
    said Assignees provisions of this Agreement.
    ENDQUOTE

    So if COP Senegal B.V (name changed to WPL Senegal B.V.) ceases to be an affiliate within 3 years the 35% interest returns to COP...... COP is guarantor to FAR, Petrosen and Cairn for WPL fulfilling its obligations to the JV until the completion of the current work period.
 
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