Cairn Energy said it still expects a final investment decision on the SNE project off Senegal next quarter but sidestepped a question over whether ongoing arbitration could delay it.The company confirmed it may sell down some of its 40% interest around the time of final investment decision(FID)and once again said this would happen later this year.Operator Woodside recently said that arbitration by minority partner FAR over pre-emption rights regarding the sale of Con-ocoPhillips’stake could delay the FID as it caused uncertainty for financiers(see AOG 15 August).When asked if this was the case Cairn chief financial officer,James Smith,said:”If you are talking about the FAR Wood-side arbitration,we are obviously not a party to that.So,you wouldn't expect us to be able to comment on what the potential outcomes or the timing of that is.What we do know is that ev-erybody in the joint venture and particularly the government is aligned on seeing this project funded and FID in the time frame that we've talked about.”
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