Procedural Posture

This Joint Status Report was filed by the petitioner, Process and Industrial Developments Limited (P&ID), and the respondents, the Federal Republic of Nigeria and the Ministry of Petroleum Resources, in the United States District Court for the District of Columbia. The filing was submitted in compliance with the Court's May 18, 2022 Minute Order, which directed the parties to file a joint proposal for further proceedings regarding P&ID's petition to enforce a foreign arbitral award.

Status of Parallel Proceedings and Proposed Stay

The parties informed the Court that the English High Court of Justice had granted Nigeria permission to pursue an application to set aside the underlying arbitral award, with a trial scheduled to commence in January 2023 and conclude in March 2023. In light of these parallel proceedings at the seat of arbitration, the parties indicated they were actively negotiating a potential stipulation to stay the US enforcement action pending the resolution of the English set-aside application.

Proposed Directions

To facilitate the potential stay, the parties proposed a deadline of June 2, 2022, to file either a finalized stipulation or a joint notice advising the Court of their proposed course of action. Furthermore, the parties agreed that Nigeria was not required to respond to the enforcement petition at the present time, with the timing of any future response to be determined by subsequent order of the Court.