Oil & Gas in West Africa

Problem

A major petroleum company was concerned about investment risks, including FCPA issues, following the awarding of a major West Africa oil concession.

Action

A detailed assessment was made of the bidding process, with emphasis given to how the winning concessions were awarded and the extent of unwanted government intervention. Additionally a due diligence was undertaken into the local oil partner.

Outcome

Client became aware of some minor FCPA considerations it was able to raise directly with its local partner that were resolved, allowing the investment to go ahead unhindered.