Tinubu Breaks 15-Year Jinx: OPL 245 Dispute Settled to Unlock 150,000 BPD

President Bola Tinubu has achieved a major diplomatic and economic breakthrough by resolving the decade-long OPL 245 dispute. The historic settlement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited (NAEL) ends over 15 years of legal friction and stagnation.

Tinubu Breaks 15-Year Jinx: OPL 245 Dispute Settled to Unlock 150,000 BPD

Unlocking the Zabazaba–Etan Project

With the legal clouds cleared, Nigeria is now positioned for the Final Investment Decision (FID) on the Zabazaba–Etan deepwater project. This development is a game-changer for the national economy, expected to:

• Inject an additional 150,000 barrels per day (bpd) into Nigeria’s oil production.

• Restore global investor confidence through transparent dispute resolution.

• Uphold the modernized fiscal framework of the Petroleum Industry Act (PIA).

Tinubu Breaks 15-Year Jinx: OPL 245 Dispute Settled to Unlock 150,000 BPD

A Signal to Global Capital

President Tinubu described the resolution as a “strategic milestone,” signaling that Nigeria is open for business and committed to the rule of law. By removing one of the most significant “legacy risks” in the upstream sector, the administration has replaced uncertainty with a predictable, commercially viable investment climate.

This win is the latest in a series of energy reforms aimed at reclaiming Nigeria’s competitiveness and ensuring natural resources translate into immediate prosperity and job creation.

Written by Boom RadioNG