Reps open inquiry into long disputed OPL 245


The House of Representatives opened an investigation on Tuesday into an offshore oil field owned by Royal Dutch Shell and Eni, the latest inquiry into their acquisition of the OPL 245 licence block which could hold up to 9.23 billion barrels of oil, Reuters reports.

The acquisition in 2011 was a “breach of due process that resulted in monumental revenue loss to the country,” said Yakubu Dogara, speaker of Nigeria’s House of Representatives.

In 2014 a Milan court placed Eni under investigation over the purchase and the probe was later widened to Shell. Earlier this year the Dutch and Italian authorities launched their own investigations.