The legislative Minority Caucus is advocating for an investigation into a $200 million contract that Jubilee Oil Partners and Intesoll Engineering, a subsea engineering firm, entered into to provide subsea services.
The Minority states that Intesoll was chosen to provide subsea engineering services for the Go supporter submersible vessel without going to competitive bidding.
The Ranking Member of the Energy and Mines Committee, John Jinapor, voiced his doubts about the deal and defended the need for an investigation while speaking with journalists about the issues brought up.
“We want to investigate the actual true value of the contract. We also want to investigate the value-for-money issues. We want to investigate the technical and financial competence of Intesoll. The previous contract was in a joint partnership with Sapura, and we all know the capacity of Sapura, an international company.
“The other thing we want to look at is why sole sourcing and not competitive bidding. We also want to investigate the technical reports and all the minutes relating to the award of the contracts.
“Finally, why five years? Because this is a time when the contracts are very, very high. And in finance, when financing and contracts are very high, you do not sign for such long periods.
“We would investigate this matter thoroughly, fully and all the agencies and stakeholders will be invited. GNPC will be invited, Petroleum Commission, Ministry of Energy, Tullow, the technical operator, and all those who matter.”
