Nigeria: Addax Petroleum Sued Over Award of Oil Well Contract to Foreigners

Lagos — A firm, Hydrodive Nigeria Limited, has dragged Addax Petroleum Exploration Nigeria Limited before a Federal High Court in Lagos over award of oil well contract to foreigners in contravention of the Nigerian Oil and Gas Industry Content Development Act.

The contract, which is the OML 126 Okwori well swaps projects named Ok-32, OK-33 and OK-34, was said to have been awarded to Ranger Offshore Incorporated, a diving company registered under the laws of United States of America.

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