A joint report from the CECA and Enerteam consortium, relayed by the newspaper Libération, highlights significant irregularities in the financial management of Petrosen. According to this document, a discrepancy of 117.54 billion CFA francs was observed between the surplus of state financing in 2021 and the amount actually carried over to 2022.

The report also mentions loans of 885 million dollars taken out from the companies BP, Kosmos, and Woodside. The interest on these loans is said to have increased by 45.7% between 2022 and 2023, without a clear breakdown between the GTA (Greater Tortue Ahmeyim) and Sangomar projects being indicated. The capital repayments, on the other hand, are said to not be “explicitly detailed in Petrosen’s financial statements.”

Auditors also note that funding granted to subsidiaries RGS and Petrosen EP, totaling 9.7 billion CFA francs, was not accompanied by sufficient additional data. Additionally, no trace has been found regarding another funding of 45.9 billion CFA francs, supposed to be transferred from Petrosen Holding to its subsidiaries SAR and Petrosen Trading & Services (TS).