Published on 19 August 2011

Shell vs Malabu: The OPL 245 Saga

Containing nearly 9 billion barrels of reserves, OPL 245 in Nigeria's offshore has be the theatre of an epic struggle for nearly 10 years between Shell and the local Nigerian firm Malabu Oil & Gas owned by former oil minister Dan Etete. Africa Energy Intelligence has followed each turn in the discreet but hugely important battle. Ten years of reports.

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NIGERIA 08/01/2013

Stalemate on OPL 245 

According to our sources, the arbitration proceedings that have pitted [...]


Raiffeisen and OPL 245 

The Swiss bank Raiffeisen reportedly had a hand in the [...]

NIGERIA 28/08/2012

Verdict to fall on OPL 245 

The arbitration court that is to rule on a suit by Russian lawyer Ednan Agaev against his one-time customer, former [...]

NIGERIA 10/04/2012

Setback for Russian on OPL 245 

Russian lawyer Ednan Agaev, who had demanded $65 million in [...]

Spotlight NIGERIA 13/03/2012

OPL245: What lay behind $1.3 billion deal 

None of the parties involved in last year's acquisition by Shell and ENI of OPL 245 previously controlled by Malabu Oil & Gas headed by Dan Etete has said the least word in public about the deal. [...]

NIGERIA 14/02/2012

OPL 245: Middlemen pushed aside 

Two consultants are demanding $289 million in commissions for arranging Malabu Oil's sale of OPL 245 to Shell. [...]

IVORY COAST 13/12/2011

End game for OPL 245 

Shell has announced its acquisition of the huge oil field owned by Malabu Oil & Gas run by Dan Etete. But the operation has yet to be finalized. [...]

NIGERIA 18/10/2011

Dele Adesina & Co. 

With state-owned NNPC refusing to approve the sale of Malabu [...]

Spotlight NIGERIA 23/08/2011

Secret saga behind a 9 billion barrel block 

After ten years of maneuvering and court cases, Shell ended up by offering to buy Malabu Oil & Gas’ offshore block OPL 245 (see our report in AEI 656). The stakes in the game were indeed high. [...]

NIGERIA 19/07/2011

OPL 245 saga draws to a close 

After more than 10 years of squabbling and court cases, Shell and Malabu Oil & Gas owned by former oil [...]

NIGERIA 10/05/2011

New bout of arbitration 

The International Center for Settlement of Investment DIsputes (ICSID) isn’t [...]

NIGERIA 19/04/2011

Nabil Elaraby 

Named Egypt’s foreign minister on March 6, lawyer Nabil Elaraby [...]

NIGERIA 07/12/2010

Presidential Deal on OPL 245 

Secret talks between RoyalDutch/Shell and Nigeria concerning OPL 245, which [...]

NIGERIA 26/10/2010

Stalemate in Arbitration 

Arbitration proceedings pitting RoyalDutch/Shell against Nigeria over the OPL 245 [...]

NIGERIA 19/01/2010

The Fight Gets Rougher for Shell  Free

No holds are barred in the battle between Shell and Abuja for the renewal of the group’s blocks. [...]

NIGERIA 30/12/2003

A Long Wait for Acreage 

Petrobras and RoyalDutch/Shell have finally signed production sharing contracts for blocks which were respectively awarded to them in December, 2000 and May, 2002. [...]

NIGERIA 03/06/2003

Shell Asked to Pay $550 Mn 

A report by the Nigerian parliament's Petroleum Resources Committee on the transfer of OPL 245 from Malabu Oil & Gas [...]

NIGERIA 01/04/2003

Suit Against Nigerian Parliament 

RoyalDutch/Shell's lawyer in its case against the Nigerian firm Malabu [...]

NIGERIA 18/03/2003

No Negotiations with Malabu 

Representing RoyalDutch/Shell in the dispute pitting it against the Nigerian [...]

Spotlight AFRICA 04/03/2003

Dr. Total and Mr. Elf 

When he presented his group's results for 2002 last week, TotalFinaElf boss Thierry Desmaret said his company would be re-named Total in May. The announcement came as the ?Elf scandal,? which kept the French financial police busy over the past [. [...]

NIGERIA 05/11/2002

Shell in Secret Talks 

After acquiring OPL 245 in a direct sale, RoyalDutch/Shell is now engaged in discreet bargaining with Nigeria for another block, OPL 256. [...]

Spotlight NIGERIA 27/08/2002

Oil Putsch Against Obasanjo 

An attempt to topple Nigerian president Olusegun Obasanjo in early August stemmed largely from oil disputes. [...]

NIGERIA 27/08/2002

Banned from Representing Shell 

The Nigerian lawyer chief Afe Babolala, who represented RoyalDutch/Shell during [...]

NIGERIA 23/07/2002

Arbitration Set for OPL 245 

An arbitration board in London will hand down its finding on the dispute pitting Shell against Malabu on OPL 245 this summer. Some embarrassing details are expected to emerge. [...]

NIGERIA 25/06/2002

Shell's Woes on OPL 245 

To try to head off a suit filed by Dan Etete on the conditions in which OPL 245 was awarded [...]

NIGERIA 28/05/2002

Obasanjo vs Etete 2nd Round 

The campaign by former Nigerian oil minister Dan Etete to recover OPL 245 has taken a highly political turn and triggered a counter-attack by the president. [...]

Spotlight NIGERIA 09/04/2002

Dan Etete's Case in U.S. Court 

Dan Etete, oil adviser to the late Nigerian dictator Sani Abacha, could return to his country's petroleum and political arena. [...]

NIGERIA 26/03/2002

Law Suit Filed for OPL 245 

The OPL 245 block was awarded in 1998 and withdrawn in 2001. AEI understands the acreage could become the object of a law suit in the United States. [...]

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