Seplat confident will win Chevron Nigerian asset sale dispute

Oil and gas firm Seplat said it is confident a Chevron asset sale dispute in Brittania-U will be settled in its favour, Austin Avuru, its chief executive said on Thursday.

Avuru said during a presentation of its interim management statement that it had appealed a ruling questioning the jurisdiction of the Nigerian court in deciding the Chevron oil block bid, for which its bid was the second-highest.

A Nigerian judge last week ruled the Federal High Court should have jurisdiction over Chevron’s asset sale dispute with Brittania-U, dealing a blow to Chevron which had hoped to have the case dismissed.