To be fair to WPL, their other JV's are with the likes of BP,...

To be fair to WPL, their other JV's are with the likes of BP, Shell, Chevron and Mitsui.

WPL is small fry compared to all of them but it at least survives in their world and in fact operates most of those JV projects.

FAR and even Cairn is small fry compared to WPL and are nothing compated to the likes of Chevron etc.

The difference between FAR and WPL is that WPL has survived the cut throat world for decades and grown in the big end of O&G.

FAR has simply failed to survive in the world it operates in, if it wasn't WPL that tripped them up it would have been something else - the company is/was simply not cut out for an oil development in deep water off Senegal.

You can blame a 40% increase all you want but ultimately the buck stops at FAR to survive in the world it operates.
It should not have been unexpected that a 40% increase might occur through the simple switch of buying rather than leasing an FPSO. WPL are known to prefer to own FPSO's and this option would have previously been discussed by the JV.

You blame WPL but FAR was able to get 'binding' finance despite the additional capital cost, not site how then is it WPL's fault given FAR was fully funded.

FAR have now had plenty of time to seek new finance but appear to have thrown the towel in.