Share This Information on:
The Nigerian National Petroleum Corporation (NNPC)
has reduced the number of companies that will handle the
contract of lifting Nigeria’s crude from 43 to 16. The drastic
reduction is part of the Corporation’s transformation agenda
aimed at keeping its operation small, efficient, transparent and
reduction of cost.
NNPC spokesman, Ohi Alegbe said the decision is a novel
move to instill transparency and accountability in the award of
the annual Crude Oil Term Contract for 2015/2016.
He said:
“NNPC yesterday mapped out measures to execute the
2015/2016 award of contract to companies for the
evacuation of Nigeria’s crude oil equity from the
various crude and condensate production arrangements.”
In a statement, NNPC stated that it was part of measures to
optimise the marketing of Nigeria’s crude oil and secure new
market potentials. It said the number of off-takers for the
proposed 2015/2016 term contract which would emerge after a
planned rigorous competitive bid exercise has been pruned from
43 to 16.
The statement read:
“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.”
He also stated that apart from Oando, Calson, MRS, BP/
Nigermed and Total Trading that were earlier selected to bid
for the new Offshore Processing Agreement (OPA),
invitation was also extended to Forte Oil and Mobil to bid for
the OPA contract.
It Will Only Take You Seconds To Share This Information on: