The Federal High Court sitting in Lagos on Wednesday warned the Minister of Petroleum Resources and Department of Petroleum Resources not to overreach its order restraining them from the Ororo Marginal Field in OML 95 pending a suit challenging its status.
The judge renewed its directive that the government maintain status quo in relation to the revocation pending the determination of a Motion on Notice filed by the plaintiff, Owena Oil and Gas Ltd.The court on May 27 granted an interim injunction against the respondents following a May 19 motion ex parte filed by Owena Oil and Gas.
Upon resumption of proceedings yesterday, plaintiff’s counsel Mr Kemi Pinehiro SAN, informed the judge that despite the order, the DPR had published an advertorial requesting for bids for Marginal Field.Mr Babajide Ogundipe, Counsel to the 3rd respondent, Guarantee Petroleum Company Ltd, informed the court that he had an application and sought a date for hearing.
The Ororo field, discovered in 1986, is located within OML 95 in shallow waters offshore Ondo State. It lies in water depths ranging between 23ft and 27 ft.
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