{"id":2864,"date":"2026-03-07T10:29:00","date_gmt":"2026-03-07T10:29:00","guid":{"rendered":"https:\/\/tona.today\/?p=2864"},"modified":"2026-03-06T23:41:09","modified_gmt":"2026-03-06T23:41:09","slug":"tinubu-brokers-settlement-of-opl-245-dispute","status":"publish","type":"post","link":"https:\/\/tona.today\/?p=2864","title":{"rendered":"Tinubu brokers settlement of OPL 245 dispute"},"content":{"rendered":"\n<p>President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, clearing the path for the development of one of Nigeria\u2019s most commercially significant deepwater oil assets.<\/p>\n\n\n\n<p>The breakthrough followed the signing of a settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) at the Presidential Villa, Abuja.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Asake - Organise (Official Video)\" width=\"980\" height=\"551\" src=\"https:\/\/www.youtube.com\/embed\/_u4_iWCvZ5c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The meeting was attended by the Chief Executive Officer of ENI, Claudio Descalzi; the company\u2019s Chief Operating Officer, Guido Brusco; Head of Sub-Saharan Region, Mario Bello; Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi; and the President\u2019s Special Adviser on Energy, Olu Verheijen.<\/p>\n\n\n\n<p>The agreement brings to an end more than 15 years of legal and commercial disputes surrounding the oil block, widely regarded as one of Nigeria\u2019s most promising deepwater assets.<\/p>\n\n\n\n<p>With the settlement concluded, attention is expected to shift to the Final Investment Decision (FID) for the Zabazaba, Etan deepwater development project, which could add about 150,000 barrels per day to Nigeria\u2019s crude oil production capacity.<\/p>\n\n\n\n<p>President&nbsp;<a href=\"https:\/\/guardian.ng\/news\/nigeria\/opl-245-tinubus-applauded-on-resolution-of-28-years-old-dispute\/\" target=\"_blank\" rel=\"noreferrer noopener\">Tinubu<\/a>&nbsp;described the agreement as a major milestone in his administration\u2019s efforts to resolve legacy disputes, restore investor confidence and unlock the country\u2019s energy potential.<\/p>\n\n\n\n<p>\u201cThis resolution sends a clear signal to global investors that Nigeria is prepared to address legacy issues transparently, uphold the rule of law and create a stable environment for long-term capital,\u201d the President said.<\/p>\n\n\n\n<p>The President\u2019s Special Adviser on Energy, Olu Verheijen, said the settlement represented a significant improvement over the 2011 Resolution Agreement and aligns with the regulatory framework established under the Petroleum Industry Act (PIA).<\/p>\n\n\n\n<p>According to her, the revised terms strike a balance between providing investors with the clarity and predictability required for large-scale deepwater investments while ensuring stronger value for the Nigerian federation.<\/p>\n\n\n\n<p>\u201cThe revised terms provide investors with the certainty required to proceed with major deepwater investments, while ensuring stronger value accretion and safeguards for the federation,\u201d she said.<\/p>\n\n\n\n<p>The resolution forms part of broader reforms introduced since 2023 to improve Nigeria\u2019s competitiveness in global energy markets. These reforms, anchored in the Petroleum Industry Act and supported by executive policy measures, have begun attracting renewed investor interest and capital inflows into the country\u2019s oil and gas sector.<\/p>\n\n\n\n<p>Verheijen noted that resolving the&nbsp;<a href=\"https:\/\/guardian.ng\/news\/transfer-of-opl-245-to-malabu-received-presidential-approval\/\" target=\"_blank\" rel=\"noreferrer noopener\">OPL 245<\/a>&nbsp;dispute removes one of the most prominent legacy risks in Nigeria\u2019s upstream industry and reinforces the government\u2019s commitment to predictable regulation, transparent governance and commercially viable investment frameworks.<\/p>\n\n\n\n<p>President Tinubu commended all institutions and stakeholders involved in achieving the settlement, including the Office of the Attorney-General of the Federation, the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),\u00a0NNPC Limited\u00a0and the leadership of ENI.<\/p>\n\n\n\n<p>The administration said the resolution underscores its determination to unlock Nigeria\u2019s strategic energy assets, attract responsible investment and ensure that the nation\u2019s resources translate into economic growth, job creation and long-term prosperity for Nigerians. <a href=\"https:\/\/guardian.ng\/news\/tinubu-brokers-settlement-of-opl-245-dispute\/\">(Guardian)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, clearing the path for the development of one of Nigeria\u2019s most commercially significant deepwater oil assets. The breakthrough followed the signing of a settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[262,3142,3141,3138,3139,3137,3140],"class_list":["post-2864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-bola-tinubu","tag-deepwater-oil-assets","tag-eni","tag-nigerian-agip-exploration-limited","tag-oil-block","tag-opl-245","tag-petroleum-industry-act"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tinubu brokers settlement of OPL 245 dispute - Tona Today<\/title>\n<meta name=\"description\" content=\"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tona.today\/?p=2864\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu brokers settlement of OPL 245 dispute - Tona Today\" \/>\n<meta property=\"og:description\" content=\"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tona.today\/?p=2864\" \/>\n<meta property=\"og:site_name\" content=\"Tona Today\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-07T10:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"636\" \/>\n\t<meta property=\"og:image:height\" content=\"363\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tona.Today\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tona.Today\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864\"},\"author\":{\"name\":\"Tona.Today\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/person\\\/76420356652545dc8fd331a11f052477\"},\"headline\":\"Tinubu brokers settlement of OPL 245 dispute\",\"datePublished\":\"2026-03-07T10:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864\"},\"wordCount\":512,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Tinubu.jpeg\",\"keywords\":[\"Bola Tinubu\",\"deepwater oil assets\",\"ENI\",\"Nigerian Agip Exploration Limited\",\"oil block\",\"OPL 245\",\"Petroleum Industry Act\"],\"articleSection\":[\"Nigeria\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/tona.today\\\/?p=2864#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864\",\"url\":\"https:\\\/\\\/tona.today\\\/?p=2864\",\"name\":\"Tinubu brokers settlement of OPL 245 dispute - Tona Today\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Tinubu.jpeg\",\"datePublished\":\"2026-03-07T10:29:00+00:00\",\"description\":\"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/tona.today\\\/?p=2864\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#primaryimage\",\"url\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Tinubu.jpeg\",\"contentUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Tinubu.jpeg\",\"width\":636,\"height\":363},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/tona.today\\\/?p=2864#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/tona.today\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tinubu brokers settlement of OPL 245 dispute\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/tona.today\\\/#website\",\"url\":\"https:\\\/\\\/tona.today\\\/\",\"name\":\"Tona Today\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/tona.today\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/tona.today\\\/#organization\",\"name\":\"Tona Today\",\"url\":\"https:\\\/\\\/tona.today\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/cropped-cropped-Your-paragraph-text-1.jpg\",\"contentUrl\":\"https:\\\/\\\/tona.today\\\/wp-content\\\/uploads\\\/2025\\\/05\\\/cropped-cropped-Your-paragraph-text-1.jpg\",\"width\":500,\"height\":117,\"caption\":\"Tona Today\"},\"image\":{\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/tona.today\\\/#\\\/schema\\\/person\\\/76420356652545dc8fd331a11f052477\",\"name\":\"Tona.Today\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g\",\"caption\":\"Tona.Today\"},\"sameAs\":[\"https:\\\/\\\/tona.today\"],\"url\":\"https:\\\/\\\/tona.today\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tinubu brokers settlement of OPL 245 dispute - Tona Today","description":"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tona.today\/?p=2864","og_locale":"en_US","og_type":"article","og_title":"Tinubu brokers settlement of OPL 245 dispute - Tona Today","og_description":"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)","og_url":"https:\/\/tona.today\/?p=2864","og_site_name":"Tona Today","article_published_time":"2026-03-07T10:29:00+00:00","og_image":[{"width":636,"height":363,"url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg","type":"image\/jpeg"}],"author":"Tona.Today","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tona.Today","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tona.today\/?p=2864#article","isPartOf":{"@id":"https:\/\/tona.today\/?p=2864"},"author":{"name":"Tona.Today","@id":"https:\/\/tona.today\/#\/schema\/person\/76420356652545dc8fd331a11f052477"},"headline":"Tinubu brokers settlement of OPL 245 dispute","datePublished":"2026-03-07T10:29:00+00:00","mainEntityOfPage":{"@id":"https:\/\/tona.today\/?p=2864"},"wordCount":512,"commentCount":0,"publisher":{"@id":"https:\/\/tona.today\/#organization"},"image":{"@id":"https:\/\/tona.today\/?p=2864#primaryimage"},"thumbnailUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg","keywords":["Bola Tinubu","deepwater oil assets","ENI","Nigerian Agip Exploration Limited","oil block","OPL 245","Petroleum Industry Act"],"articleSection":["Nigeria"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tona.today\/?p=2864#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tona.today\/?p=2864","url":"https:\/\/tona.today\/?p=2864","name":"Tinubu brokers settlement of OPL 245 dispute - Tona Today","isPartOf":{"@id":"https:\/\/tona.today\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tona.today\/?p=2864#primaryimage"},"image":{"@id":"https:\/\/tona.today\/?p=2864#primaryimage"},"thumbnailUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg","datePublished":"2026-03-07T10:29:00+00:00","description":"President Bola Tinubu on Thursday announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL)","breadcrumb":{"@id":"https:\/\/tona.today\/?p=2864#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tona.today\/?p=2864"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tona.today\/?p=2864#primaryimage","url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg","contentUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/08\/Tinubu.jpeg","width":636,"height":363},{"@type":"BreadcrumbList","@id":"https:\/\/tona.today\/?p=2864#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tona.today\/"},{"@type":"ListItem","position":2,"name":"Tinubu brokers settlement of OPL 245 dispute"}]},{"@type":"WebSite","@id":"https:\/\/tona.today\/#website","url":"https:\/\/tona.today\/","name":"Tona Today","description":"","publisher":{"@id":"https:\/\/tona.today\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tona.today\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/tona.today\/#organization","name":"Tona Today","url":"https:\/\/tona.today\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tona.today\/#\/schema\/logo\/image\/","url":"https:\/\/tona.today\/wp-content\/uploads\/2025\/05\/cropped-cropped-Your-paragraph-text-1.jpg","contentUrl":"https:\/\/tona.today\/wp-content\/uploads\/2025\/05\/cropped-cropped-Your-paragraph-text-1.jpg","width":500,"height":117,"caption":"Tona Today"},"image":{"@id":"https:\/\/tona.today\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/tona.today\/#\/schema\/person\/76420356652545dc8fd331a11f052477","name":"Tona.Today","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/caa7d2f1284ad52494d77a04b46fce0d6bf1fe423c5ef2a52e1d3c44ff2fad10?s=96&d=mm&r=g","caption":"Tona.Today"},"sameAs":["https:\/\/tona.today"],"url":"https:\/\/tona.today\/?author=2"}]}},"brizy_media":[],"_links":{"self":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/2864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2864"}],"version-history":[{"count":1,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/2864\/revisions"}],"predecessor-version":[{"id":2865,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/posts\/2864\/revisions\/2865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=\/wp\/v2\/media\/794"}],"wp:attachment":[{"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tona.today\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}