FG splits OPL 245 oil block into four assets for Eni Shell
Federal Government splits OPL 245 oil block into four assets for Eni Shell. Restructuring resolves decades-long dispute from corruption trial. Block untapped for 30 years due to lawsuits. Expected to unlock deepwater production. Contracts to be signed Monday. Block center of 1998 Malabu acquisition controversy. Italian prosecutors alleged $1.3B diversion to politicians. All defendants acquitted 2021. Nigerian Agip Oil acquired by Oando 2024. Block development now possible.
SOURCE: https://nairametrics.com/2026/03/02/opl-245-fg-splits-oil-block-for-eni-shell/