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The report exposes the Ngoki oil project in the Republic of Congo as a high-risk venture characterized by corruption, environmental negligence, and potentially exaggerated oil reserves. It highlights the project's threat to the world's largest tropical peatlands in the Cuvette Centrale, which store 30 billion tonnes of carbon. The investigation reveals that the project is controlled by businessman Claude Wilfrid Etoka, who has close ties to President Sassou-Nguesso's family and whose company, SARPD Oil, was dropped by BNP Paribas due to corruption risks. Furthermore, the report argues that the project's Environmental Impact Assessment is "unfit for purpose" as it predates the discovery of the peatlands. It also notes that oil majors Total and ENI have interests in the region, and calls for donors to the Central African Forest Initiative (CAFI) and financial institutions to halt support for oil exploration in these sensitive ecosystems.

An investigation by Global Witness, Der Spiegel, and Mediapart reveals that the Ngoki oil project in the Republic of the Congo is linked to the family of President Sassou-Nguesso and businessman Claude Wilfrid Etoka, whose bank accounts were closed by BNP Paribas due to corruption risks. The report argues that the project's environmental impact assessments are obsolete and fail to account for the presence of carbon-rich peatlands, which could store 1.34 gigatonnes of carbon in the Ngoki block alone. Furthermore, evidence suggests that the announced oil reserves of 359 million barrels may be economically unviable, as major firms like Shell and Total previously rejected the project based on seismic data.