A letter of intent, or LOI, Jones says, “outlines the basic terms of a proposed contract, lease or option (and is) sent to the property owner in hopes that an eventual agreement will be accepted.
Nexus Floating Production signed a Letter of Intent with Burgundy Global Exploration for the lease of the FPSO Nexus#1. The contract is for a period of seven years, with first oil scheduled for Q1 ...
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