FCP's 10 % interest in Block 43 has now been distributed proportionally to DNO ASA by 6.67 & and Oil Search Ltd by 3.33 % following the failure of FCP to meet its obligation under the PSA (default). The resulting partners and their associated interests in the license are as follows:
DNO ASA: 56.67 % (Operator)
Oil Search Ltd: 28.33 %
TYC: 15.00 % (carried)
Block 43 contains the recent Nabrajah discovery with initial estimated reserves of 10 - 12 million barrels, of which DNO's pre-tax share is 5.7 - 6.8 million barrels.