Exploration & Production

Nigeria’s government to sue Shell and Eni over OPL 245

Nigeria’s government has initiated proceedings to sue Shell and Eni for $1.1 billion over an allegedly corrupt deal for OPL 245.
By Staff reporter 14 December 2018 0 33684

Nigeria’s government has initiated proceedings to sue Shell and Eni for $1.1 billion over an allegedly corrupt deal for Oil Prospecting Licence (OPL) 245, Reuters has reported.

The concession is also at the heart of a separate corruption investigation by Italian authorities under which current and past managers from both companies are being accused of malpractice, including Eni Chief Executive Claudio Descalzi and Shell Foundation Chairman Malcolm Brinded.

The companies are said to have paid $1.1 billion in 2011 to a company allegedly controlled...