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African Energy Chamber (AEC) Condemns Dawes Island Ruling as Judicial Overreach Threatening Nigeria’s Marginal Field Reform
The Federal High Court ruling reversing the revocation of the Dawes Island license risks undermining Nigeria’s “drill or drop” policy, impacting investor confidence and the sanctity of petroleum contracts
A Federal High Court in Nigeria has delivered a judgement against the Ministry of Petroleum Resources in favor of Eurafric Energy Limited, reversing the 2020 revocation of the Dawes Island marginal field license, which post revocation has been held and developed by Petralon 54 Limited since 2022. The ruling effectively…