Britannia-U gets new date in court over Chevron Nigeria sale

摘要

Nigeria's Supreme Court has set a hearing date for the middle of next month for Britannia-U to dispute the sale of three Chevron blocks to other companies. The sale of OMLs 52, 53 and 55 became embroiled in litigation last year after Chevron decided to bypass the highest bidder, Britannia-U. The US major had become concerned that the Nigerian independent could not meet the extremely high offer price of US $1.6 Bn for these blocks, double the total offered by other companies.