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Thursday, April 13, 2017
Nigeria’s OPL 245 continues to make the industry news. Malabu Oil & Gas is calling on the Federal High Court in Abuja to stop the government and others from signing the Final Investment Decision (FID) for the $13.5-billion Zabazaba Deepwater Project.
The other defendants include Shell Nigeria Exploration and Production Company (SNEPCo), Nigerian Agip Exploration Company Ltd., the Minister of Petroleum Resources, the Economic and Financial Crimes Commission (EFCC) and Dan Etete.
Malabu Oil and Gas is also seeking an order of interlocutory injunction, to restrain the Federal Government and the minister from considering to revoke or revoke the re-allocation of OPL 245 granted it.
J.A. Achimugwu, who filed the suit on behalf of Malabu, said it was triggered by media publications that the defendants were negotiating to sign the FID for the project in Q2 2017.
According to the News Agency of Nigeria (NAN), Malabu was granted permission to serve the writ of summons and other processes on Shell. The matter goes back before the court on May 18.
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