Nigeria: Essar files suit

Essar Exploration & Production Limited Mauritius has filed a claim in the English High Court against the Shoreline Canoverseas Petroleum Development Corporation Limited (ShoreCan) joint venture. Essar is seeking damages of $63m over the joint venture’s failure to come up with the funds for an agreed investment in Essar Exploration and Production Limited Nigeria, which owns a 100% interest in OPL 226 in the central Niger Delta.