Nigeria Resolves 15-Year Dispute Over Oil Prospecting Licence 245
Nigeria's Historic Settlement Paves Way for Oil Development
President Bola Tinubu has presided over the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL), resolving the long-running dispute about Oil Prospecting Licence (OPL) 245.
The agreement brings to a close 15 years of legal battles over OPL 245, paving the way for the development of one of Nigeria's most significant deepwater resources. This resolution is viewed as a…