Reps To Probe Sterling Oil Over Illegal Activities, Racketeering, Others

It particularly decried the activities of Sterling Oil exploration at their company’s OML 13 field development project located at Eastern Obolo in Akwa Ibom state where the company was alleged to use only specifically purpose vehicles and split contracts and award same to only entities that they have full control of, fixes prices and thereby circumventing and frustrating Nigeria local content law, undermining the reforms in the oil and gas sector.

According to the petition, some of the companies listed for investigation were Silver Star Environmental Nigeria Ltd, Geo Mud Nigeria Ltd, United Oil Production Systems Ltd, Parallel Runways Enterprises Ltd, Alacrity Production Systems Ltd, Cement Board Nig Ltd, Ashtavinayak Hydrocarbon Ltd, Prime Sources Construction and Infrastructure Ltd, Geo Seiemic Survey Ltd and British Oil and Gas Exploration Ltd.

Source: Law Daily Report (lawdailyreport.net)

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