PC: "This is a pretty important asset [but] there are other things going around"

Peter Coleman has told Energy News he has no plan B if he is blocked from taking over ConocoPhillips' 35% stake in the giant SNE field offshore Senegal

"The facts are we have agreed with Conoco to purchase the Senegal assets through the [holding] company that holds those assets, and so the sales process is subject to Senegal government approval and then any applicable pre-emptions.
"Our view is that we don't believe pre-emption is applicable in this instance because we are purchasing the company."

"I don't think there are many chapters for this [saga]" Coleman said.

There is no Plan B if Senegal doesn't go ahead, but he said the company would pick itself up and try again.

"This is the best discovery of 2014. This is a pretty important asset [but] there are other things going around.


http://www.energynewsbulletin.net/energynewsbulletin/news/1101211/coleman-confident-on-senegal