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Tinubu Resolves OPL 245 Dispute, Unlocking Major Oil Project The agreement between Nigeria's Federal Government, Eni, and Nigerian Agip Exploration Limited clears hurdles for the Zabazaba-Etan project, which holds 500-600 million barrels of oil equivalent and could add 150,000 barrels per day to output. Rooted in a 1998 award tangled in revocations, court fights, and bribery probes, the settlement improves on a 2011 deal and aligns with the Petroleum Industry Act for better value to Nigeria. Tinubu hailed it as a signal to investors of transparency and stability, with online voices calling it a key win for reforms amid pushes to reach 2 million barrels daily.
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