Summons Chevron, Total E&P, Shell, others
By Obiabin Onukwugha
Nigeria’s House of Representatives, may today, Monday, 3rd March, commence probe into an alleged N9.4trillion unpaid royalties and fines for gas flaring by oil multi nationals.
The probe is aimed at addressing the significant outstanding debts owed by oil companies to the Federation Account.
The hearings, spearheaded by the Committee on Public Accounts, will scrutinize unpaid royalties, concession rentals, and gas flare penalties, among other obligations, amounting to approximately ₦9.4 trillion.
House of Representatives spokesman, Rep. Akin Rotimi, Jr., revealed this in a statement on Sunday.
According to the statement, several oil companies have failed to settle their financial obligations since 2021, despite the stipulations of the Petroleum Industry Act requiring settlement within 30 days.
It said the investigation is being conducted in line with Sections 85, 88, and 89 of the 1999 Constitution (as amended) and Order XX – Rule 6 of the House of Representatives Standing Orders (Eleventh Edition).
Related Posts
The statement pointed out that the Public Accounts Committee has summoned representatives from affected oil companies to appear before the committee at the National Assembly Complex in Abuja, informing that the hearings will be held in Meeting Room 446 on designated dates between Monday, March 3, and Friday, March 7, 2025.
It said the affected companies include Addax Petroleum, Shell Nigeria Exploration and Production Company, Chevron Nigeria Ltd, Total E&P Nigeria, Oando Oil Ltd, Seplat Energy, AITEO Group, All Grace Energy, Amalgamated Oil Company Nigeria Limited, Amni International Petroleum Development Company Limited, Belemaoil Producing Ltd, Bilton Energy Limited, Britannia-U and Waltersmith Petroman Limited.
Others are; Chorus Energy, Conoil Plc, Continental Oil & Gas Company Ltd., Dubri Oil Company Limited, Enageed Resources Limited, Shell Nigeria Exploration and Production Company, Energia Limited, Eroton Exploration & Production Company Limited, Dubri Oil Company Limited, Heirs Holdings, Pillar Oil Limited, Platform Petroleum Limited, Shell Petroleum Development Company (OML 27), Universal Energy Limited/Sinpec, Shoreline Natural Resources, Star Deep Water Petroleum Limited, Sahara Field Production Limited and Mobil Producing Nig. Unlimited (OML 67 & 70).
“The companies to appear on Monday, March 3, 2025 are Addax Petroleum Exploration Nigeria Ltd, AITEO Group, All Grace Energy, Amalgamated Oil Company Nigeria Limited, Amni International Petroleum Development Company Limited, Belemaoil Producing Ltd, Bilton Energy Limited, Britannia-U and Waltersmith Petroman Limited.
“The companies expected to appear on Tuesday, March 4, 2025 are Chevron Nig Ltd (OML 90, 95, 49), Chorus Energy, Conoil Plc, Continental Oil & Gas Company Ltd., Dubri Oil Company Limited, Enageed Resources Limited, Shell Nigeria Exploration and Production Company, Energia Limited, Eroton Exploration & Production Company Limited and Dubri Oil Company Limited.
“The companies expected to appear on Wednesday, March 5, 2025 are Esso E & P. Ltd (Usan, Erha), First E & P. Ltd, Frontier Oil Limited, General Hydrocarbons Limited, Green Energy International Ltd, Nigeria Agip Expl. Ltd (NAE), Panocean Oil Nigeria Limited (OML 147), Neconde Energy Limited, Newcross Exploration and Production Limited and Newcross Petroleum (OML 152).
“The companies expected to appear on Thursday, March 6, 2025 are Network Exploration & Production Limited, Total E and P Nigeria (OML 100, 102, 52 & 99), Niger Delta Petroleum, Nigeria Petroleum Development Company (NPDC) (OML 60, 61 & 63), Lekoil Oil and Gas Investments Limited, Midwestern Oil and Gas Limited, Millenium Oil and Gas Company Limited, Seplat Energy (OML 4, 38 & 41) and Oriental Energy Resources Limited.
“Lastly, those expected to appear on Friday, March 7, 2025 are Oando Oil Ltd (OML 60, 61 & 62), Heirs Holdings, Pillar Oil Limited, Platform Petroleum Limited, Shell Petroleum Development Company (OML 27), Universal Energy Limited/Sinpec, Shoreline Natural Resources, Star Deep Water Petroleum Limited, Sahara Field Production Limited and Mobil Producing Nig. Unlimited (OML 67 & 70),” the statement read in part.
The statement directed that company representatives must appear in person, with Chief Executive Officers leading the delegations and that companies that fail to comply may face further actions.
