CONFIDEN TIAL DRAFT EXECUTIVE SUMMARY .................................................................. 4 1. BACKGROUND AND OVERVIEW ............................................. 4 1.1. BACKGROUND ......................................................................... 4 1.2. OVERVIEW .............................................................................. 4
2. TERMS OF REFERENCE OF THE TASK FORCE .................... 4 2.1. INTRODUCTION ........................................................................ 4 2.2. MEMBERS OF THE TASK FORCE ................................................ 4
3. SCOPE AND WORK DONE ....................................................... 4 3.1. WORK APPROACH ................................................................... 4 3.2. LIMITATIONS AND CONSTRAINTS ................................................ 4 3.3. SUBCOMMITTEES MEMBERSHIP AND TERMS OF REFERENCE ...... 4
4. REVENUE REVIEW AND DEBT VERIFICATION ...................... 4 4.1. INTRODUCTION ........................................................................ 4 4.2. PRODUCTION ........................................................................... 4 4.3. DOMESTIC CRUDE SALES ......................................................... 4 4.4. EQUITY CRUDE OIL SALES ....................................................... 4 4.5. SALE OF THE NATIONAL ENTITLEMENT (GAS) ............................. 4 4.6. SALE OF REFINED PETROLEUM PRODUCTS ................................ 4 4.7. NNPC AND ITS SUBSIDIARIES.................................................... 4 4.8. TAXES..................................................................................... 4 4.9. SIGNATURE BONUS .................................................................. 4 4.10. CONCESSION RENTALS ......................................................... 4 4.11. ROYALTIES (CRUDE OIL AND GAS) ......................................... 4 4.12. GAS FLARE PENALTIES ......................................................... 4 4.13. MISCELLANEOUS OIL REVENUES ............................................ 4 5. REVENUE LOSSES IN THE NIGERIAN PETROLEUM INDUSTRY ........................................................................................ 4 5.1. OVERVIEW .............................................................................. 4 5.2. SECURITY ISSUES AND THEFT IN THE NIGERIAN PETROLEUM REVENUE VALUE CHAIN .................................................................... 4 5.3. PIONEER STATUS GRANTED TO INDIGENOUS COMPANIES ............ 4 5.4. COLLATERAL SOCIAL COSTS OF THEFT ..................................... 4 6. DEBT COLLECTION .................................................................. 4 6.1. DEBT ANALYSIS ....................................................................... 4 6.2. DEBT COLLECTION EFFORTS .................................................... 4 6.3. DEBT RECONCILIATION ............................................................. 4 7. CROSS DEBT MATRIX .............................................................. 4 7.1. DEBT MATRIX SCHEMATIC ........................................................ 4 7.2. DEBTS PROFILE ....................................................................... 4 8. AUTOMATION AND TECHNOLOGY INTEGRATION ............... 4 8.1. INTRODUCTION ........................................................................ 4 8.2. SUMMARY OF WORK DONE ....................................................... 4 4