Appointed directors over a Nigerian company, which together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Africa, Nigeria. The Company entered a Farm-In Agreement in which it acquired a 40% participatory interest in an offshore Nigerian oilfield. The Company, as technical advisor, entered into a joint operating agreement with an Operator. The Operator has subsequently commenced legal proceedings against the Company for alleged non-payment for participation and misappropriation of proceeds. Our work includes working with the stakeholders to preserve the assets of the Company and work with legal advisors to determine the strategy in respect of the litigation in Nigeria and the UK.
Oil & Gas
Directorship, Asset Preservation & Litigation Support