Photo caption: Court
Green Energy International Limited and Lekoil Oil and Gas Investments Limited have filed applications before the Federal High Court seeking to strike out Suit No. FHC/L/CP/237/2026 and to set aside the ex parte interim orders granted in the matter.
The companies have filed a Notice of Preliminary Objection challenging the jurisdiction of the Court and seeking dismissal or stay of the action, together with a Motion on Notice to vacate and discharge the interim administration orders made on 13 February 2026.
The dispute arises from a contractual claim under a Turnkey Drilling Agreement dated 1 September 2024. The agreement contains a binding arbitration clause, and arbitration proceedings have already been commenced before the Lagos Chamber of Commerce International Arbitration Centre with pleadings filed prior to the initiation of the new suit at the Federal High Court on the same subject contract.
Green Energy and LOGIL maintain that the matter is properly before the arbitral tribunal, that the sums referenced in certain reports are disputed and subject to audit, and that the ex parte orders were obtained in defiance of the pendency of arbitration in respect of which where there was also a pending motion for injunctive orders. Green Energy and LOGIL view the recent filing of Suit No. FHC/L/CP/237/2026 and suppression of the extent of prior engagements (including ongoing dispute resolution proceedings) in respect of obligations arising from the same turnkey contract as an abuse and improper use of judicial process.
The companies will pursue all appropriate legal remedies to protect the agreed dispute resolution framework and to safeguard their operations.
Operations at the Otakikpo Marginal Field (PML 11) remain fully operational and compliant with all regulatory and contractual obligations. There has been no disruption to production or export activities.
Green Energy and LOGIL reserve all rights in respect of any inaccurate or defamatory publications concerning this matter. Further updates will be provided as appropriate.
For the purposes of Case No. FHC/CP/237/2026 and related issues, we have retained the following Legal Counsel, Wole Olanipekun & Co.
