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April 27, 2015 8:52 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Total E & P Nigeria Limited

Company Overview

Total E & P Nigeria Limited provides oil and gas exploration and production services. The company was formerly known as Elf Petroleum Nigeria Ltd. Total E & P Nigeria Limited was founded in 1962 and is based in Lagos, Nigeria. Total E & P Nigeria Limited operates as a subsidiary of Total SA.

35 Kofo Abayomi Street

Victoria Island

Lagos,  23401

Nigeria

Founded in 1962

Phone:

234 1260 1100

Fax:

234 0161 5722

Key Executives for Total E & P Nigeria Limited

Total E & P Nigeria Limited does not have any Key Executives recorded.

Total E & P Nigeria Limited Key Developments

SHELL Petroleum Development Company of Nigeria Ltd, Total E & P Nigeria Ltd and Nigeria Agip Oil Company Ltd Seek to Stay Further Proceedings in a Suit

SHELL Petroleum Development Company of Nigeria (SPDC) Ltd, Total E & P Nigeria Ltd. (TE&P) and Nigeria Agip Oil Company Ltd. (NAOC) have filed an application seeking to stay further proceedings in the suit filed to halt them from transferring their 45% participating interests in Oil Minning Lease (OML) 25 at the Federal High Court, Lagos. The matter is before Justice Mohammed Idris. The Judge had earlier made an order after hearing ex-parte application and arguments presented by Tayo Oyetibo, SAN, counsel to the applicant, Crestar Integrated Natural Resources Limited (CINRL), retraining Shell and others from divesting their interest in OML 25 pending the determination of the suit. But the defendants said they seek to stay further proceedings pending outcome of arbitration, which is the clause in the agreement between Crestar and the defendants for the assignment of OML25 to Crestar. Their motion also seeks to discharge the order of interim injunction previously made by Justice Idris. When the matter came up, the applicant's motion on notice for interlocutory injunction could not be taken as a result of the defendant's application and the need for the applicant to respond to it. Consequently, the matter was adjourned to February 23 and 24 for hearing. The applicant had approached the court to complain against the defendants - SPDC, TE&P and NAOC attempt to divest their interest in OML 25 to other firms contrary to the agreement they had with the applicant to transfer the interest to it. As a result, the judge made an order, restraining the defendants from proceeding or continuing to negotiate or engage in any transaction or contract calculated or purported to transer, sell, farm out or otherwise charge, encumber, dealing, dispose of or divest the defendants/respondents 45% participating interest in Oil Minning Lease (OML) No. 25 to any person, authority or agency pending the determination of the motion on notice. The court also made an order restraining the defendants, from declaring any other bidder apart from the applicant as the preferred bidder for the assignment of the defendants 45% undivided participating interest in OML 25 pending the determination of the motion on notice. The applicant had alleged that it had paid $453,320,000 to an escrow account with JP Morgan in London, which was nominated by the defendants, consequent upon which a sale and purchase agreement (SPA) was executed by Crestar and the defendants. Crestar further alleged that under the Joint Operating Agreement (JOA) by which the defendants and NNPC were operating the OML 25, NNPC had 30 days, from the date it was notified of the intention of the defendants to assign their interests to Crestar, within which to exercise its pre- emption rights. The defendants' notice to NNPC was alleged to have been dated July 3, 2014 and promptly delivered to NNPC which responded by a letter dated October 27, 2014 to exercise its pre-emption rights to buy the defendants' interests in the OML 25.

Court Refuses Stay Hearing on Suit against Total Oil

The National Industrial Court, (NIC) has refused an application filed by Total Exploration and Production Nigeria Limited (TEPNG) asking the court to stay proceedings in the NGN 5 billion suit instituted by a former staff, Aralu Steve against the company. Aralu allegedly worked with the company for about 11 years and was injured in a major work place accident in 2011 which rendered him unemployable. Justice Oyewunmi however granted the request of the claimant asking the court for accelerated hearing of the suit. The court thereafter adjourned the suit till April 2 and 3 for definite hearing of the suit. The claimant a laboratory supervisor had in his amended statement of claim filed by his lawyer Oviemuno Obobolo stated that on December 10, 2008 while carrying out chemical injection monitoring and pumps adjustment at the Obagi Flow Station owned by the defendant Total, Aralu received a splash from one of the chemical injection.

Total E & P Nigeria Limited Presents at NOG 2014 Week, Mar-18-2014 04:30 PM

Total E & P Nigeria Limited Presents at NOG 2014 Week, Mar-18-2014 04:30 PM. Venue: Sheraton Hotel, Abuja International Conference Centre, Abuja, Nigeria. Speakers: Bunmi Obembe, Executive Director - Gas Business & Commercia.

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Nigerian Agip Exploration Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 12, 2014
OML 25
Merger/Acquisition
October 21, 2014
Nigerian Oil Mining Lease 18
Merger/Acquisition
October 9, 2014
OML 29 and Nembe Creek Trunkline
 

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