Green Energy International Limited (GREEN ENERGY) and Lekoil Oil and Gas Investments Limited (LOGIL) 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.
In a statement provided to newsmen, the companies disclosed they 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.
According to the joint statement, 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.
Both firms 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.
The statement concluded by affirming the rights of Green Energy and LOGIL to reserve all rights in respect of any inaccurate or defamatory publications concerning this specific matter under adjudication; while confirming they have retained the services of two legal firms, Wole Olanipekun and Co and Tope Adebayo LP.
