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Investigative Forensic audit of crude oil revenues and remittances by <strong>NNPC</strong> (January 2012 – July 2013)<br />

6.1. Appendices<br />

6.1.1. Valuati<strong>on</strong> of Crude Oil Revenue<br />

Quantity Lifted<br />

Expected<br />

Unit Price<br />

Customer B/L Date Crude Type<br />

COMD<br />

Price (PwC)<br />

COMD ($)<br />

(Bbls)<br />

($)<br />

EQUITY<br />

COMD Valuati<strong>on</strong> ($) PwC valuati<strong>on</strong> ($)<br />

ETERNA 1/7/2012 AKPO 996,755 109.888 109.888 109,531,413.44 109,531,413.44<br />

ELAN OIL 1/8/2012 ERHA 997,467 114.678 114.678 114,387,520.63 114,387,520.63<br />

AMG 1/12/2012 QIL 950,245 111.379 111.379 105,837,337.86 105,837,337.86<br />

SOCAR 1/15/2012 AGBAMI 974,728 109.647 109.647 106,876,001.02 106,876,001.02<br />

CENTO 1/18/2012 QIL 950,122 111.330 111.330 105,777,082.26 105,777,082.26<br />

ENERGY TRADING SA 1/20/2012 AMENAN 949,623 111.15 111.148 105,548,414.46 105,548,414.46<br />

MASTERS ENERGY 1/24/2012 BB 249,961 112.245 112.245 28,056,872.45 28,056,872.45<br />

ERG 1/28/2012 ESL 848,951 111.547 111.547 94,697,937.20 94,697,937.20<br />

GLENCORE 1/28/2012 FB 906,214 114.611 114.611 103,862,092.75 103,862,092.75<br />

DUKE OIL 2/15/2012 FB 114,600 125.485 125.485 14,380,581.00 14,380,581.00<br />

DUKE OIL 2/15/2012 FB 171,900 125.485 125.485 21,570,871.50 21,570,871.50<br />

AZENITH 2/16/2012 AMB 902,926 121.426 121.426 109,638,692.48 109,638,692.48<br />

SARB ENERGY 2/18/2012 EA 629,406 122.951 122.951 77,386,097.11 77,386,097.11<br />

VITOL 2/18/2012 BL 949,861 124.051 124.051 117,831,206.91 117,831,206.91<br />

CALSON 2/19/2012 ESL 949,014 122.651 122.651 116,397,516.11 116,397,516.11<br />

ADDAX 2/21/2012 BB 649,799 127.353 127.353 82,753,852.05 82,753,852.05<br />

SOCAR 2/22/2012 ESL 842,900 123.620 123.620 104,199,298.00 104,199,298.00<br />

ADDAX 2/24/2012 BB 299,721 127.804 127.804 38,305,542.68 38,305,542.68<br />

SAHARA 2/26/2012 BONGA 30,000 128.104 128.104 3,843,120.00 3,843,120.00<br />

SARB ENERGY 3/4/2012 BL 305,600 128.987 128.987 39,418,427.20 39,418,427.20<br />

MERCURIA 3/12/2012 AMB 949,769 126.248 126.248 119,906,436.71 119,906,436.71<br />

SAHARA 3/17/2012 FB 83,227 128.066 128.066 10,658,548.98 10,658,548.98<br />

ENERGY NETWORK 3/24/2012 BL 285,202 126.194 126.194 35,990,781.19 35,990,781.19<br />

Vanguardngr<br />

ENERGY NETWORK 3/24/2012 BL 617,937 127.058 127.058 78,513,839.35 78,513,839.35<br />

HAVISTAR 3/26/2012 FB 285,452 128.066 128.066 36,556,695.83 36,556,695.83<br />

OCEANBED 3/26/2012 ZAFIRO 947,125 116.301 125.816 110,151,584.63 119,163,479.00<br />

INDIAN OIL 3/27/2012 ESL 834,561 123.993 123.993 103,479,722.07 103,479,722.07<br />

MERCURIA 3/28/2012 QIL 949,927 123.741 123.741 117,544,916.91 117,544,916.91<br />

DUKE OIL 3/29/2012 FB 524,254 127.832 127.832 67,016,437.33 67,016,437.33<br />

112

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