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Senate probes N280bn Halliburton contract

Source: www.gulfoilandgas.com 8/15/2005, Location: Africa

The Senate has launched a probe into the $2 billion (about N280 billion) gas to liquid project awarded by the Chevron/NNPC joint venture to Halliburton, the American-based multinational service company that was recently accused of paying $180 million bribe to past Nigerian officials. Besides, the Senate investigation under the aegis of its Committee on Upstream Petroleum, is also focusing attention on the Nigerian National Petroleum Corporation (NNPC’s) utilisation of the 450,000 barrels of crude allocated to it daily for domestic utilisation.

The Senate investigations, dispatched to the NNPC, ChevronTexaco and the Department of Petroleum Resources (DPR), followed petitions on contracts received by stakeholders. The DPR is being drawn into the investigation to ascertain the quantity of crude it has been allocating to the NNPC for domestic consumption.

The letters were signed by Senator Lee Maeba, chairman of the Senate Committee on Upstream Petroleum. In its letter to ChevronTexaco entitled: “Request for Information on the Escravos Gas to Liquid (GTL) Project,” the Senate Committee requested information on the contract awarded to Halliburton.

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