Market reaction: slightly positive on what looks to be a well thought out solution for the FPSO that looks reasonable for all parties (i.e. not gold plated and overly expensive for the insurance). In addition, the Net Debt of US$4.7 bn (end 1H16), which has now probably peaked, excludes the positive impact of future reimbursement by the insurance of lost production at Jubilee in 1H16. This suggests that the underlying 1H16 Net Debt (adjusting for insurance payment) is lower than the reported ....