OML18 Resources, formerly Sahara Field Production Ltd, is among 45 oil and gas companies flagged in the audit report and data presented by the NUPRC as owing a combined $1.7 billion to the Nigerian government in unpaid royalties, gas flare penalties, and related liabilities.
At the resumed hearing of the House Committee on Public Accounts on Wednesday, chaired by Bamidele Salam, the committee directed OML18 Resources to remit $4.02 million, 20 percent of its confirmed debt, within five days. The company was also given 14 days to reconcile its full outstanding obligations with the asset operator and submit a breakdown to the committee.