{"id":308188,"date":"2020-01-01T12:17:19","date_gmt":"2020-01-01T06:47:19","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=308188"},"modified":"2020-01-01T12:38:51","modified_gmt":"2020-01-01T07:08:51","slug":"niko-exits-kg-d6-block","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/niko-exits-kg-d6-block\/","title":{"rendered":"Niko exits KG-D6 block"},"content":{"rendered":"<p>Reliance Industries and the UK\u2019s BP Plc have paid $36 million to their Canadian partner Niko Resources for the latter to exit the eastern offshore KG-D6 block.<\/p>\n<p>Niko, in a statement posted on its website, said it has exited the KG-DWN-98\/3 block and its 10 per cent stake has been taken over by Reliance and BP. The company was paid $36 million to settle an arbitration it had initiated against Reliance and BP for trying to force it out of the block over a default in payment.<\/p>\n<p>Niko said the net proceeds from the transaction would be distributed solely among its lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries and the UK\u2019s BP Plc have paid $36 million to their Canadian partner Niko Resources for the latter to exit the eastern offshore KG-D6 block. Niko, in a statement posted on its website, said it has exited the KG-DWN-98\/3 block and its 10 per cent stake has been taken over by Reliance and BP. The company was paid $36 million to settle an arbitration it had initiated against Reliance and BP for trying to force it out of the block over a default in payment. Niko said the net proceeds from the transaction would be distributed solely among [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-308188","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=308188"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/308188\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=308188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=308188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=308188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}