Audit-Report-on-NNPC

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Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) 6.1. Appendices 6.1.1. Valuation of Crude Oil Revenue Quantity Lifted Expected Unit Price Customer B/L Date Crude Type COMD Price (PwC) COMD ($) (Bbls) ($) EQUITY COMD Valuation ($) PwC valuation ($) ETERNA 1/7/2012 AKPO 996,755 109.888 109.888 109,531,413.44 109,531,413.44 ELAN OIL 1/8/2012 ERHA 997,467 114.678 114.678 114,387,520.63 114,387,520.63 AMG 1/12/2012 QIL 950,245 111.379 111.379 105,837,337.86 105,837,337.86 SOCAR 1/15/2012 AGBAMI 974,728 109.647 109.647 106,876,001.02 106,876,001.02 CENTO 1/18/2012 QIL 950,122 111.330 111.330 105,777,082.26 105,777,082.26 ENERGY TRADING SA 1/20/2012 AMENAN 949,623 111.15 111.148 105,548,414.46 105,548,414.46 MASTERS ENERGY 1/24/2012 BB 249,961 112.245 112.245 28,056,872.45 28,056,872.45 ERG 1/28/2012 ESL 848,951 111.547 111.547 94,697,937.20 94,697,937.20 GLENCORE 1/28/2012 FB 906,214 114.611 114.611 103,862,092.75 103,862,092.75 DUKE OIL 2/15/2012 FB 114,600 125.485 125.485 14,380,581.00 14,380,581.00 DUKE OIL 2/15/2012 FB 171,900 125.485 125.485 21,570,871.50 21,570,871.50 AZENITH 2/16/2012 AMB 902,926 121.426 121.426 109,638,692.48 109,638,692.48 SARB ENERGY 2/18/2012 EA 629,406 122.951 122.951 77,386,097.11 77,386,097.11 VITOL 2/18/2012 BL 949,861 124.051 124.051 117,831,206.91 117,831,206.91 CALSON 2/19/2012 ESL 949,014 122.651 122.651 116,397,516.11 116,397,516.11 ADDAX 2/21/2012 BB 649,799 127.353 127.353 82,753,852.05 82,753,852.05 SOCAR 2/22/2012 ESL 842,900 123.620 123.620 104,199,298.00 104,199,298.00 ADDAX 2/24/2012 BB 299,721 127.804 127.804 38,305,542.68 38,305,542.68 SAHARA 2/26/2012 BONGA 30,000 128.104 128.104 3,843,120.00 3,843,120.00 SARB ENERGY 3/4/2012 BL 305,600 128.987 128.987 39,418,427.20 39,418,427.20 MERCURIA 3/12/2012 AMB 949,769 126.248 126.248 119,906,436.71 119,906,436.71 SAHARA 3/17/2012 FB 83,227 128.066 128.066 10,658,548.98 10,658,548.98 ENERGY NETWORK 3/24/2012 BL 285,202 126.194 126.194 35,990,781.19 35,990,781.19 Vanguardngr ENERGY NETWORK 3/24/2012 BL 617,937 127.058 127.058 78,513,839.35 78,513,839.35 HAVISTAR 3/26/2012 FB 285,452 128.066 128.066 36,556,695.83 36,556,695.83 OCEANBED 3/26/2012 ZAFIRO 947,125 116.301 125.816 110,151,584.63 119,163,479.00 INDIAN OIL 3/27/2012 ESL 834,561 123.993 123.993 103,479,722.07 103,479,722.07 MERCURIA 3/28/2012 QIL 949,927 123.741 123.741 117,544,916.91 117,544,916.91 DUKE OIL 3/29/2012 FB 524,254 127.832 127.832 67,016,437.33 67,016,437.33 112
Investigative Forensic audit of crude oil revenues and remittances by NNPC (January 2012 – July 2013) VITOL 3/30/2012 EA 906,236 123.035 123.035 111,498,746.26 111,498,746.26 TRAFIGURA 3/31/2012 ERHA 995,906 126.594 126.594 126,075,724.16 126,075,724.16 SAHARA 4/13/2012 FB 432,943 121.018 121.018 52,393,895.97 52,393,895.97 FUJAIRAH REFINERY 4/14/2012 PL 992,051 121.218 122.030 120,254,438.12 121,059,983.53 MASTERS ENERGY 4/17/2012 BL 949,173 119.412 119.412 113,342,646.28 113,342,646.28 OCTOGONE INT’L GAS 4/21/2012 QIL 950,194 120.480 120.480 114,479,373.12 114,479,373.12 VERMONT 4/25/2012 ESC 844,721 119.212 119.212 100,700,879.85 100,700,879.85 ZAMBIA (SARB) 4/26/2012 BB 299,860 120.635 120.635 36,173,611.10 36,173,611.10 AMG 4/27/2012 BL 947,775 119.244 119.244 113,016,482.10 113,016,482.10 SAHARA 4/29/2012 FB 114,600 120.594 120.594 13,820,072.40 13,820,072.40 OCEAN BED 4/29/2012 FB 285,505 115.876 115.876 33,083,177.38 33,083,177.38 SOCAR TRADING 5/3/2012 AMB 949,373 111.992 111.992 106,322,181.02 106,322,181.02 VALESKA TANKERS 5/9/2012 QIL 950,000 114.276 114.276 108,562,200.00 108,562,200.00 MASTERS ENERGY 5/13/2012 BB 911,497 110.815 110.815 101,007,540.06 101,007,540.06 OANDO 5/15/2012 YOHO 950,042 112.071 112.071 106,472,156.98 106,472,156.98 BRASKEM 5/21/2012 QIL 950,035 105.090 105.090 99,839,178.15 99,839,178.15 ERG 5/25/2012 ESL 896,148 100.901 100.901 90,422,229.35 90,422,229.35 HAVISTAR 5/25/2012 QIL 950,151 101.201 101.201 96,156,231.35 96,156,231.35 CALSON 5/27/2012 FB 949,097 102.551 102.551 97,330,846.45 97,330,846.45 ETERNA 6/3/2012 QIL 599,940 98.332 98.332 58,993,300.08 58,993,300.08 MERCURIA 6/6/2012 QIL 950,138 97.574 97.574 92,708,765.21 92,708,765.21 ETERNA 6/8/2012 QIL 350,415 99.043 99.043 34,706,152.85 34,706,152.85 FUJAIRAH REFINERY 6/9/2012 EA 948,911 95.654 95.654 90,767,132.79 90,767,132.79 CRUDEX 6/10/2012 AMB 949,573 98.243 98.243 93,288,900.24 93,288,900.24 SINOPEC 6/15/2012 BB 249,479 93.507 93.507 23,328,032.85 23,328,032.85 REP OF COTE D’IVOIRE 6/19/2012 BG 802,010 92.893 92.893 74,501,114.93 74,501,114.93 MERCURIA 6/21/2012 YOHO 950,372 92.431 92.431 87,843,834.33 87,843,834.33 VITOL 6/23/2012 ESL 860,827 94.554 94.554 81,394,636.16 81,394,636.16 DUKE OIL 6/28/2012 ESC 279,803 93.523 93.523 26,168,015.97 26,168,015.97 DUKE OIL 6/28/2012 FB 312,000 93.523 93.523 29,179,176.00 29,179,176.00 CALSON 6/28/2012 FB 947,379 92.023 92.023 87,180,657.72 87,180,657.72 Vanguardngr GLENCORE 6/30/2012 BONGA 953,759 101.860 101.860 97,149,891.74 97,149,891.74 ERG 7/4/2012 QIL 247,420 96.561 96.561 23,891,122.62 23,891,122.62 SINOPEC 7/11/2012 BB 949,892 101.493 101.493 96,407,388.76 96,407,388.76 INDIAN OIL VORP 7/17/2012 QIL 950,096 106.821 106.821 101,490,204.82 101,490,204.82 PETREOLOES DE GE 7/19/2012 BL 903,691 108.225 108.225 97,801,958.48 97,801,958.48 GUNVOR 7/20/2012 QIL 300,159 108.956 108.956 32,704,124.00 32,704,124.00 113
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Forensic Services Audit</st
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Table of Contents Review of crude o
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