Sudan

Orron Energy Gives Update On Forfeiture Of Economic Benefits In The Sudan Legal Case


Published: Thursday August 31, 2023
By: Oilfield Africa Review

Orrön Energy AB has disclosed that the Prosecutor’s claim for forfeiture of economic benefits has been increased and now amounts to SEK 2,381,300,000. The Company, which strongly disputes both the methodology used by the Prosecutor and the amount of the claimed forfeiture, does not see any circumstances in which the claim for forfeiture could become payable as there is no legal basis for this claim and no grounds for allegations of wrongdoing by any former Company representative.

The Prosecutor’s claimed forfeiture of economic benefits now amounts to SEK 2,381,300,000, which is higher than the previously claimed amount of SEK 1,391,791,000 announced by the Prosecutor in connection with the indictment in November 2021. Any potential forfeiture of economic benefits could only be imposed after an adverse final conclusion of the legal case.

The Company and its defence counsel are firmly convinced that there is no legal basis for the claim. This latest increase to the claimed forfeiture amount means that the Prosecutor has presented three completely different amounts over the past five years, raising serious questions about the substance and credibility of the Prosecutor’s claim. It is obvious that the methodology used by the Prosecutor to arrive at the claimed forfeiture amount is fundamentally flawed, leading to an unreasonable forfeiture claim which has no basis in law and is highly speculative. The Company, which contests the claim as well as the basis for the allegations against the former Company representatives, is confident that the Court process will lead to a full acquittal of the individuals and a dismissal of the Prosecutor’s claim for forfeiture.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

African
TotalEnergies Grabs Four Exploration Permits Offshore Liberia 
Wednesday September 17, 2025
Conferences & Exhibitions
Oilserv Chairman/GCEO Takes Company’s Innovative Expertise to Africa Oil Week (AOW)   
Wednesday September 17, 2025
People
Petralon Energy Appoints Pius Adegoke as Asset Manager
Wednesday September 17, 2025
Global
Eco (Atlantic) Secures Assets Extension, a Farmout in Namibia
Wednesday September 17, 2025
African
NUPRC Oversees Conversion Of First PPL From 2020 Bid Round
Saturday September 13, 2025
Rig Count
Nigerian Upstream Regulator Revokes Drilling Licence Of Oritsemeyin Rig
Saturday September 13, 2025
People
Celebrating 20 Under 40 Women in Energy Rising Stars 2025
Saturday September 13, 2025