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Posts on ‘October 24th, 2020’

OPL 245: Nigeria hires London-based firm to lead dispute with Eni

OPL 245: Nigeria hires London-based firm to lead dispute with Eni

Nigeria has hired the services of Franklin Wyatt, a London-based consultancy company, to provide legal advice in a dispute with Eni, an Italian oil and gas company.

Franklin Wyatt, according to information on its website, specialises in dispute consultancy by providing advise beyond legal perspectives.

There is an age-long dispute between Eni and Nigeria over oil prospecting licence (OPL) 245 deal.

The oil deal dates back to 2011, when Shell and Eni acquired the massively rich OPL 245 for over $1.3 billion — paying $1.1 billion to take over 100 percent of Malabu’s interest and $210 million to the federal government as signature bonus. read more

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