LEKOIL TAKES LEGAL ACTION OVER DELAY IN GETTING MINISTERIAL CONSENT ON OML 310

LEKOIL TAKES LEGAL ACTION OVER DELAY IN GETTING MINISTERIAL CONSENT ON OML 310
August 7, 2018 Advocaat Law Practice

LEKOIL Limited has instituted an action at the Federal High Court against the Ministry of Petroleum Resources over the Federal Government of Nigerias failure to grant consent or provide a satisfactory explanation as to why same has not been granted for its investment in Oil Prospecting Lease (OPL) 310 block offshore, following its acquisition of Afren Plcs stake in the Licence. Lekoil Limited is seeking a declaration that is expected to expedite the consent process and preserve the unexpired tenure in the licence.