RE: Tie-back tariff income17 Apr 2026 09:27
"Ordinarily RKH would have some say in what happens, though as 35% partner, it depends upon how the license terms & conditions are written."
The Licence is between the Joint Venture and the Govt and lays out the work programme. Decisons on what to drill when are for the JV alone within that overarching framework document.
The Joint Operating Agreement will say what items need what passmark (eg unanimous, majority, 60% with two voting for etc etc) for approval.
However when someone has farmed in and are paying all the bills (as Navitas are) there is almost always a provision in the farm-in agreement whereby Navitas can instruct RKH to vote as instructed - until they have finished paying off whatever the debt's are.