Oil Companies Seek Confirmation Of $1.07B Award Against Nigerian Entity

(March 20, 2018, 1:51 PM EDT) -- NEW YORK — Two Nigerian oil companies on March 16 filed a petition in a New York federal court seeking to confirm a $1,071,035,516 arbitral award issued in their favor in a dispute over a production-sharing agreement reached in relation to an oil-mining lease (Statoil [Nigeria] Limited, et al. v. Nigerian National Petroleum Corp., No. 1:18-cv-02392, S.D. N.Y.)....

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