Political instability in Venezuela in 2003 is believed to have contributed to PDVSA balking at formally signing a contract to implement an orimulsion deal with NB Power for Coleson Cove [REF].
On 3 August 2007, the NB Power Group settled the lawsuit with PDVSA over the failed contract for a total book value of $333m, split between a cash payment of $115m and a (then) future supply of fuel valued at $218m [REF].