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Equinor Says It Wins Nigeria Case Over Agbami Oil Profits

  • Norwegian producer says Supreme Court voided 2010 ruling
  • Former consultant claimed rights to 1.5% of company’s profits
offshore oil rig
Photographer: Simon Dawson/Bloomberg
Updated on

Equinor ASA said the Nigerian Supreme Court overturned a ruling that had threatened to divert 1.5% of the company’s profits from one of the country’s largest oil fields to a former consultant.

The Supreme Court decision Friday that the lower court had no jurisdiction over the case should conclude a dispute that has played out in the West African nation for more than a decade, Equinor spokesman Erik Haaland said. “We are pleased with the court’s decision, which is in line with our position,” he said in an emailed statement.