Searah Limited is a jointly owned company, held 50% by Eni and 50% by Petronas.

This article demonstrates how ownership for Searah Limited is represented in Lens Upstream and how the ownership can be viewed from both the subsidiary and parent company perspectives.

For an explanation of ownership concepts including Company Level, Company Is Top Level, and Field Interest Is Direct, see the Understanding ownership in Lens Upstream article.

This view returns assets where Searah Limited is the legal holder of the field interest.

Because Searah Limited is a subsidiary rather than the ultimate parent company:

This is typically the most useful view when analyzing the subsidiary itself.

Assets held directly by Searah Limited may be attributed to Eni and Petronas through the ownership hierarchy.

This perspective answers:

"What assets can be attributed to Eni and Petronas through Searah ownership?"

Although Eni and Petronas may appear in the results, they are not the direct holders of the field interest. The ownership is being attributed through their relationship with Searah Limited.

The Company to Subsidiary Relationship and Company to Field Chain columns can be used to understand how the ownership rolls up from Searah Limited to its parent companies.

Ganal PSC is a useful example for understanding ownership attribution in Lens Upstream because it is included within the portfolio of assets contributed to Searah Limited, the jointly controlled company owned by Eni and Petronas. It also has direct equity by Eni.

When the Company Level is set to Direct, the asset appears under Searah Limited because Searah directly holds 72% interest as represented in Lens. In this view:

Eni, separately, also has direct interest of 10% equity in Ganal PSC as a partner.

When the Company Level is switched to Ultimate, the asset can be attributed to Eni and Petronas through Searah's ownership structure. In this view:

A separate line item for Eni also appears due to its direct equity of 10% in Ganal PSC.

The Company to Subsidiary Relationship and Company to Field Chain columns can be used to trace how ownership rolls up from Searah Limited to its parent companies.

Key takeaway: For joint venture companies such as Searah Limited, the Direct view identifies the company that directly holds the asset interest, while the Ultimate view shows the parent companies to which that ownership can be attributed.