Green Energy, Lekoil seek to strike out suit, vacate ex parte orders on PML 11

2026-02-20 - 12:06

By Obas Esiedesa, Abuja 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 set aside the ex parte interim orders granted in the matter. The companies disclosed in a statement on Thursday that they had filed a Notice of Preliminary Objection challenging the jurisdiction of the court and seeking a dismissal or stay of the action. They also filed a Motion on Notice to vacate and discharge the interim administration orders issued on February 13, 2026. According to the companies, the dispute arose from a contractual claim under a Turnkey Drilling Agreement dated September 1, 2024. They stated that the agreement contains a binding arbitration clause and that arbitration proceedings had already commenced at the Lagos Chamber of Commerce International Arbitration Centre, with pleadings filed before the initiation of the new suit at the Federal High Court on the same subject matter. Green Energy and Lekoil Oil and Gas Investments Limited (LOGIL) maintained that the matter is properly before the arbitral tribunal and that the sums referenced in certain reports are disputed and subject to audit. They further argued that the ex parte orders were obtained despite the pendency of arbitration, where a motion for injunctive relief was also pending. The companies described the filing of Suit No. FHC/L/CP/237/2026, alongside the alleged non-disclosure of prior engagements, including ongoing dispute resolution proceedings, as an abuse of court process. “The companies will pursue all appropriate legal remedies to protect the agreed dispute resolution framework and to safeguard their operations,” the statement said. They added that operations at the Otakikpo Marginal Field (PML 11) remain fully operational and compliant with all regulatory and contractual obligations, noting that there has been no disruption to production or export activities.