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OILEX-GSPC JV: Payment problems
Feb 01: OILEX - GSPC joint venture is implementing the revised 2018-19 work programme for the Cambay Basin and Bhandut field. However operator OILEX has received no payments towards outstanding cash calls from its joint venture partner GSPC till December 2017.
8As of 31 December 2017, gross unpaid cash calls remaining outstanding from GSPC totaled approximately US$6.5 million.
8OILEX however continues to maintain its dialogue with GSPC to resolve the payment the outstanding cash call balances.
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