Audit report found oil companies in breach of insurance requirements – -none provided certificates to show liability coverage

The IHS Markit audit of cost claims by Exxon-Mobil and its partners for 1999 to 2017 found not only US$214.4M in disputed sums but that the oil companies operated in breach of the insurance requirement of the Produc-tion Sharing Agreement (PSA) as none of the three provided insurance certificates to show liability coverage.

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