Court Rules That Absence of Ministerial Consent Rendered Lekoil 310 Acquisition Of OPL 310 Inchoate & Invalid

Court Rules That Absence of Ministerial Consent Rendered Lekoil 310 Acquisition Of OPL 310 Inchoate & Invalid

The
Federal High Court, Lagos Division has today, March 28, 2019, dismissed the suit
filed by Professor Fidelis Oditah, QC, SAN on behalf of Lekoil 310 Ltd and
Afren Investment Oil and Gas (Nigeria) Ltd, against the Honourable Minister of
Petroleum Resources asking the Court to hold and deem as granted, and valid Lekoil’s
2015 acquisition of participating interest of Afren Oil & Gas in Oil
Producing Licence 310.