15 firms win 2019/2020 NNPC DSDP contract – Ughamadu
– By majorwavesen

       Share 

Facebook
Twitter
LinkedIn
WhatsApp

The corporation disclosed this in a statement issued by its spokesman, Mr Ndu Ughamadu, in Abuja, on Sunday.

He said that the announcement was in line with the corporation’s commitment to transparency and accountability in its activities as committed by the new Group Managing Director, Malam Mele Kyari.

“Following the completion of the 2019/2020 DSDP tender exercise, 15 consortia/companies, made up of reputable and experienced international companies and Nigerian Downstream companies, emerged successful to undertake the 2019/2020 DSDP arrangement.

“The contract is for one year, effective 1st October, 2019 to 30th September, 2020,” he said.

The companies that won the contracts are:

  1. BP OIL INTERNATIONAL LTD./AYM SHAFA LTD.
  2. VITOL SA/CALSON-HYSON
  3. TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC
  4. GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD.
  5. TRAFIGURA PTE LTD./A. A. RANO NIG. LTD…
  6. CEPSA S.A.U./OANDO PLC
  7. MOCOH SA/MOCOH NIG. LTD.
  8. LITASCO SA/BRITTANIA-U NIG. LTD./FREEPOINT COMMODITIES
  9. MRS OIL & GAS COMPANY LTD
  10. SAHARA ENERGY RESOURCE LTD
  11. BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY
  12. MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD
  13. MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY
  14. ASIAN OIL & GAS PTE LTD./ EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD
  15. DUKE OIL COMPANY INCORPORATED.

He further noted that the tender process comprised technical and commercial bid submission respectively, evaluation and shortlisting, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies by NNPC.

“Under the DSDP arrangement, the aforementioned fifteen consortia/companies shall, over the contract period, offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC, subject to the terms of the agreement,” he added

It will be recalled that Kyari, while taking over the mantle of keadership of the corporation on July 8, had promised to open NNPC books to public scrutiny, as a publicly owned company.

He said this would ensure transaprency and accountability in the operations of the Corporation.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report

Show Buttons
Hide Buttons