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Petrotrin paid for ?fake oil? to Rowley's friend

 
sgtdjones 2017-11-17 23:09:56 

Petrotrin paid for ‘fake oil’ to Rowley's friend

It is now official. Two external audits have confirmed that there was a discrepancy between reported oil production in the Exploration and Production Operations in the Catshill Field operated by A&V Oil and Gas and the actual production receipts at Pointe-a-Pierre discovered by Petrotrin’s Internal Audit Department in the period January to June 2017.

Petrotrin chairman Wilfred Espinet is now assuring that the board will be taking “decisive action” in the so-called ‘fake oil’ matter.

The allegation, first contained in an internal audit report dated August 17, was confirmed in a forensic audit report submitted by external consultants Kroll Consulting, of Canada, and also in a report commissioned from global gas consultants Gaffney Cline, which found that the Catshill reservoir was “not capable of producing the volumes in question.”



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