OPL 245 Settlement to Inject 150,000bpd into National Output
The 15-year legal stalemate over Oil Prospecting Lease (OPL) 245 has finally ended, clearing the way for a massive deepwater expansion. Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, confirmed on Saturday that a historic settlement between the Federal Government, Eni, and Nigerian Agip Exploration (NAEL) will now trigger the Zabazaba-Etan project. This development…