… Reduces off-takers to 16
The Nigerian National Petroleum Corporation, NNPC has opened bids for the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various crude and condensate production platforms.
The Corporation has however extended invitation to Forte Oil, Mobil and other companies affected in the cancellation of the deal announced earlier in the week.
The NNPC in a statement by the Group General Manager, Public affairs, Mr. Ohi Alegbe, stated that as a part of the measures to optimise the marketing of Nigeria’s crude oil and secure new market potentials, the number of off-takers for the proposed 2015/2016 term contract which would emerge after its planned rigorous competitive bid exercise has been pruned from 43 to 16.
He explained that the move was to instill transparency and probity in the award of the annual Crude Oil Term Contract.
“In the days ahead we shall place advertisement for the 2015/2016 Term Contracts and the publication will run for one month in major National and International print media to ensure effective message penetration. Later the guidelines for the selection of new off-takers would be published and subsequently a special bid evaluation committee would be constituted to conduct due diligence on successful applicants”, the Corporation explained.
The NNPC also clarified that apart from the earlier listed industry operators whose performance trajectory impressed its management to invite them to bid for the proposed Offshore Processing Agreements, OPA, the Corporation is extending the invitation for competitive bidding to Forte Oil and Mobil, among others.
“We are throwing the tender process open for competitive bidding by strong industry players with track records of integrity and financial strength to execute the project,’’ the NNPC stated.
By Adewale Sanyaolu and Dennis Mernyi, Abuja
source: Sun
The Nigerian National Petroleum Corporation, NNPC has opened bids for the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various crude and condensate production platforms.
The Corporation has however extended invitation to Forte Oil, Mobil and other companies affected in the cancellation of the deal announced earlier in the week.
The NNPC in a statement by the Group General Manager, Public affairs, Mr. Ohi Alegbe, stated that as a part of the measures to optimise the marketing of Nigeria’s crude oil and secure new market potentials, the number of off-takers for the proposed 2015/2016 term contract which would emerge after its planned rigorous competitive bid exercise has been pruned from 43 to 16.
He explained that the move was to instill transparency and probity in the award of the annual Crude Oil Term Contract.
“In the days ahead we shall place advertisement for the 2015/2016 Term Contracts and the publication will run for one month in major National and International print media to ensure effective message penetration. Later the guidelines for the selection of new off-takers would be published and subsequently a special bid evaluation committee would be constituted to conduct due diligence on successful applicants”, the Corporation explained.
The NNPC also clarified that apart from the earlier listed industry operators whose performance trajectory impressed its management to invite them to bid for the proposed Offshore Processing Agreements, OPA, the Corporation is extending the invitation for competitive bidding to Forte Oil and Mobil, among others.
“We are throwing the tender process open for competitive bidding by strong industry players with track records of integrity and financial strength to execute the project,’’ the NNPC stated.
By Adewale Sanyaolu and Dennis Mernyi, Abuja
source: Sun
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