Court Dismisses Chinese Oil Company's Bid to Void $100 Million Judgement over OPL 471 Dispute

Court dismisses Chinese oil company's bid to void $100 million judgement over OPL 471 dispute

The Federal High Court in Port Harcourt rejected CNPC’s attempt to overturn a $100 million judgement awarded to Cutra International in a long-running dispute over OPL 471. The post Court dismisses Chinese oil company’s bid to void $100 million judgement over OPL 471 dispute appeared first on Premium Times Nigeria.

Court Upholds $100m Judgment Against Chinese Oil Firm in OPL 471 Dispute

By Adedapo Adesanya A Federal High Court sitting in Port Harcourt has reaffirmed a $100 million judgment against China National Petroleum Corporation (CNPC) in favour of Nigerian indigenous firm, Cutra International Limited, over a disputed Oil Prospecting Licence (OPL) 471. In a judgment delivered on April 24, 2026, the court dismissed CNPC’s application seeking to […]

Court Reaffirms $100m Award Against Chinese Oil Giant

The Federal High Court sitting in Port Harcourt has reaffirmed its earlier judgment awarding $100 million in damages to Cutra International Limited in its legal dispute with the China National Petroleum Corporation (CNPC) over the controversial handling of Oil Prospecting Licence (OPL) 471. The decision, delivered in Suit No. FHC/PH/CS/136/2022 between Cutra International Limited and China National Petroleum Corporation, marks a significant deve…