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BBC News: BP to pay billions in suspicious Senegal gas deal

03 JUNE 2019

BP has agreed to pay around $10bn (£8bn) to a businessman involved in a suspicious energy deal.

The energy giant bought Frank Timis’ stake in a gas field off the coast of Senegal for $250 million in 2017.

But documents obtained by BBC Panorama and Africa Eye reveal that BP will also pay his company between $9bn and $12bn in royalties.

Both BP and Mr Timis deny any wrongdoing.

Read the full statement from Mr Timis here.

For more on this story, UK audiences can watch Panorama: The $10 Billion Energy Scandal on Monday 3rd June at 2030 BST.

Litigation/Investigations in multiple jurisdictions, including Italy, is currently underway involving defendants Royal Dutch Shell Plc and Eni in respect of the Nigerian OPL 245 oil deal. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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