Lekoil gets new judge and hearing date for Nigerian offshore license

OPL 310; Source: Lekoil

Africa-focused oil and gas company Lekoil has been given a new hearing date in front of the Nigerian Federal High Court in order to increase its stake in license OPL 310 off Nigeria.

Lekoil holds an unconditional 17.14 percent interest and an additional 22.86 percent interest, subject to Ministerial consent, in the OPL 310 located in shallow water offshore Lagos.

The 22.86 percent interest, for which the company is still awaiting consent, was bought from Afren Oil & Gas in early 2016.

After the Ministry of Petroleum Resources did not complete due diligence for the transfer of the stake, the company applied to the court in October last year to expedite the consent process and preserve the unexpired tenure in the license.

The company requested relief from enforcement of expiration of the exploration license in November 2018.

The initial hearing was held on November 29 when the court granted Optimum Petroleum Development Company, Lekoil’s partner in the license, an application to be joined as the second defendant in the suit.

At the time, the court acknowledged the urgency of the matter and ordered the accelerated hearing of the case. The next hearing had been scheduled for January 9, 2019.

Due to the judge being unavailable, the hearing was adjourned to a later date. The case was later re-assigned to Honourable Justice Hassan of the Federal High Court as the previous judge hearing the case was transferred out of Lagos.

Lekoil said on Friday that the case came up for mention before the new judge on Thursday, January 24.

The company added that a summary briefing was given and a subsequent adjourned court date of February 7 was assigned for the hearing.

“The parties remain in negotiations aimed at seeking a satisfactory conclusion for all parties on the […] matter. Lekoil and Optimum continue commercial discussions regarding the financial and technical obligations of both parties in the block once development work is underway,” Lekoil stated.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply