Shell Confirms Nigeria Withdrawal of OPL 245 Claim

Shell confirmed on Friday that Nigeria withdrew civil claims totalling $1.1 billion against it in relation to allegations of corruption in a 2011 oilfield deal on OPL 245.

“We are pleased that this claim has been withdrawn. It brings to an end to all legal cases against Shell on OPL 245 in Italian courts,” a Shell spokesperson said in a statement.

In 2021, an Italian court acquitted Shell, Eni (ENI.MI), the operator of the OPL 245 oilfield, and company executives of corruption allegations in the acquisition of the field a decade earlier.

Source: Reuters