xxon Mobil Corporation’s Nigerian unit says it is awaiting an arbitration ruling to end its dispute with the Nigerian National Petroleum Corporation over “entitlements to lift crude oil” from the Erha offshore oil field.
“We can confirm that the arbitration hearing ended in Abuja on March 2,” Nigel Cookey-Gam, Exxon Mobil spokesman in Nigeria, said yesterday in an e-mailed statement. The “parties are currently awaiting an award by the tribunal.”
Exxon Mobil, the world’s biggest oil company, sought arbitration in 2009 after talks with the Nigerian government and the NNPC, had “been unsuccessful,” according to the statement. There is no specific date yet for the ruling, said Cookey-Gam.