Court Stops Optimum From Transferring Lekoil’s Interest

A Federal High Court sitting in Lagos has granted Lekoil Nigeria an injunction barring its partner, Optimum Petroleum Development Limited, from transferring its interest in the Oil Prospecting Lease 310 asset.

A document seen by press showed that Lekoil had requested that the court grant an order of interim injunction restraining Optimum Petroleum from taking further steps to transfer Lekoil’s rights and interests in the 40 per cent participating interest in OPL 310.

It also demanded that Optimum be restrained from making any claims before any regulatory authority that the rights of Lekoil in the 22.86 per cent participating interests had reverted to Optimum or any other person.