The House of Representatives is set to investigate 19 oil companies and summon their CEOs to investigate the payment of gas flaring fines.
The lower chamber on Monday said it has constituted a Committee with the terms of reference to among others “investigate the payment of gas flaring fines and management of proceeds therefrom; and determine the extent of compensation to oil producing communities in accordance with the Petroleum Industry Act. Engage affected communities, CSOs and experts. Make recommendations for further legislative action.”
Following the development, the Ad-hoc Committee also resolved to summon all the Chief Executive Officers of 19 oil and gas companies and others to appear before the Committee on Tuesday, 25th July, 2023 (today).
The companies in question include: Total/Mobil JV Domestic Wing; Total/Oando JV; Total Energies; African Petroleum (AP) Plc. now Ardova PLC; Azman Oil & Gas Limited; Matrix Oil & Gas; A. M Shafa Ltd; Nigerian Electricity Regulatory Commission (NERC); National Council on Climate Change (NCCC); Nigerian Petroleum Development Company (NPDC); and Yinka Folawiyo Petroleum Company (Aje Oilfield Offshore).
Others are; Sterling Oil Exploration & Energy (SEEPCO); Belemaoil Production Limited; Walter Smith Petroman Oil Limited; Green Energy International Limited Millennium Oil and Gas Company Limited; Folawiyo Energy; Eroton Exploration and Production Nigeria Limited; and Niger Delta Petroleum Resources Ltd, respectively.
