OPL 245: Tinubu ends 15yr dispute, unlocks major deepwater investment

Tinubu ends OPL dispute

…As ex-AGF Adoke seeks apology President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, bringing to a close more than 15 years of legal and political wrangling surrounding one of Nigeria’s most valuable deepwater oil assets. The settlement agreement between the Federal Government, Italian energy giant Eni, and Nigerian Agip Exploration Limited (NAEL) was finalised during a meeting at the Presidential Villa in Abuja attended by Eni’s Chief Executive Officer, Claudio Descalzi, alongside senior company executives and top Nigerian officials.…

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