Case Details Summary
- Category
- Commercials
- Industry
- Oil & Gas
- Practice Areas
- Corporate & Commercial / Regulatory / Environment
- Client
- Preslyn Resources Limited
- Project
- Dredging and Sweeping of Oil Wells 12 & 15, Ekulama, Rivers State — NNPC Ltd / Newcross E&P JV
- Project Value
- Over ₦5 billion
- Key Result
- ₦5bn+ project supported through contract execution, regulatory compliance and risk allocation.
Overview
ECOLAW FIRM acted as Legal Consultant and Adviser to Preslyn Resources Limited in connection with the dredging and sweeping of Oil Wells 12 and 15 at Ekulama, Rivers State, under the NNPC Ltd / Newcross E&P joint venture.
The project had a value exceeding ₦5 billion and required legal support across contract negotiation, project implementation, regulatory compliance, documentation, and stakeholder engagement.
The Challenge
Large-scale oil and gas projects involve complex commercial relationships, operational risks, environmental obligations, Nigerian content requirements, and multiple contractual dependencies.
The client therefore required a legal framework that could support smooth project implementation while clearly allocating risk and ensuring the appropriate documentation was in place.
ECOLAW Firm’s Role
ECOLAW FIRM provided:
- Contract negotiation and implementation support
- Representation at JV contract meetings
- Equipment hire agreements
- Dredger hire agreements
- Freedom to Operate agreements
- Procurement and supply agreements
- Regulatory advice
- Alignment with oil and gas, environmental and Nigerian content requirements
Outcome
The contract was successfully executed with robust contractual protections, clear allocation of risk, and the necessary FTO and regulatory documentation in place.
