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Seplat confident will win Chevron Nigerian asset sale dispute

Reuters - UK Focus

LAGOS, May 22 (Reuters) - Oil and gas firm Seplat said it is confident a Chevron (Amsterdam: CHTEX.AS - news) asset sale dispute in Nigeria will be settled in its favour, its chief executive said on Thursday.

Austin Avuru said during a presentation of its interim management statement that it had appealed a ruling questioning the jurisdiction of the Nigerian court in deciding the Chevron oil block bid, for which its bid was the second-highest.

A Nigerian judge last week ruled the Federal High Court should have jurisdiction over Chevron's asset sale dispute with Nigeria's Brittania-U, dealing a blow to Chevron which had hoped to have the case dismissed. (Reporting by Chijioke Ohuocha, editing by William Hardy)