Petrobangla, presumably through Bapex, has reportedly seized the local assets of Niko Resources as a result of a ruling by the International Centre for the Settlement of Investment Disputes in February. These include the onshore Feni field/PSC, the Bangora-Lalmai Block 9 PSC/field, and the onshore Chhatak PSC/field in the Surma sub-basin. All units are now assumed Bapex 100%.
Petrobangla, presumably through Bapex, has reportedly seized the local assets of Niko Resources as a result of a ruling by the International Centre for the Settlement of Investment Disputes. These include the onshore Feni field/PSC, the Bangora-Lalmai Block 9 PSC/field, and the onshore Chhatak PSC/field in the Surma sub-basin. All units are now assumed Bapex 100%.