Sovereign Oilfield Integrity
An oil services company needed to assess a logistics partner presented as a condition of market access. Reporting established concealed presidential-family ownership and the security relationships controlling the sector. The client withdrew after the assessment found that operating with integrity was not possible.
An oil services company considering market entry required an assessment of a logistics partner presented as a condition of access. The partner was registered; contracts with the national petroleum subsidiary existed.
Operating in the oilfields required membership of the security apparatus; subcontracts were allocated to intelligence officials for reasons of trust and control. Outsiders were not permitted. The partner fronted for figures who could not be seen holding assets directly. It tracked production at sites controlled by the presidential family, recruited for the revenue authorities, and ensured proceeds reached the correct accounts. Ownership was layered through the presidential family. A family-controlled entity collected national taxes; the split favoured the family over the state. Ventures opened for specific purposes, then closed leaving no trace. Records did not survive the accountants who kept them. The sector had been absorbed into the presidential household.
Operating with integrity was not possible. The client withdrew.
The mandates below are drawn from hundreds of engagements over fifteen years, including work predating Periplus. Specific parties, jurisdictions and instructing firms are protected by confidentiality.