Niko Can Increase Stake by 30% in India Block

Reliance recently announced a multi-block partnership with BP. As a result, Niko can acquire up to a 30% increase from current working percentages in all or any one of its stakes in D6, NEC 25 and D4. Niko will be reviewing this opportunity over the coming weeks.

The new relationship with the additional deep water expertise of BP and Reliance as operator is viewed very positively by Niko.