**OPL 245 Deal Set to Unlock 150,000bpd Oil Output for Nigeria** The Nigerian National Petroleum Company Limited (NNPC) has hailed the resolution of the long-standing dispute over Oil Prospecting Lease (OPL) 245 as a major milestone for the country's oil and gas sector. According to the NNPC's Group Chief Executive Officer, Bayo Ojulari, the settlement agreement will enable the development of the Zabazaba–Etan deepwater project, potentially increasing Nigeria's crude oil output by 150,000 barrels per day (bpd). The dispute, which involved the Federal Government, Eni, and Nigerian Agip Exploration Limited (NAEL), has been a major hurdle in the development of Nigeria's oil and gas resources for years. However, with the successful conclusion of the settlement agreement, the NNPC is optimistic that the project will now move forward, bringing in much-needed revenue and enhancing the country's energy security. According to Ojulari, the resolution of the dispute is a testament to the value of collaboration and determination in developing Nigeria's vast energy resources. He noted that the achievement demonstrates the NNPC's commitment to promoting responsible development of the country's strategic energy assets. The Zabazaba–Etan project is one of Nigeria's most important deepwater resources, and its development is expected to have a significant impact on the country's oil output. With a potential increase of 150,000 bpd, the project is seen as a major step towards strengthening Nigeria's national energy security and economic resilience. The resolution of the OPL 245 dispute is also seen as a major achievement for the current administration, led by President Bola Ahmed Tinubu. The President's commitment to resolving the dispute has been hailed as a major breakthrough, and the NNPC is optimistic that the project will now move forward, bringing in much-needed revenue and jobs for Nigerians. In conclusion, the resolution of the OPL 245 dispute is a major milestone for Nigeria's oil and gas sector, and the NNPC is optimistic that the development of the Zabazaba–Etan project will have a significant impact on the country's oil output and energy security. With a potential increase of 150,000 bpd, the project is seen as a major step towards strengthening Nigeria's economic resilience and position as a major player in the global energy market.