The Nigerian National Petroleum Company Limited (NNPC) has signed contracts with four consortia to finance the repair of its dilapidated pipelines across the country on build, operate and transfer terms.
The company announced this on its X yesterday.
It said the selection of the firms was done in accordance to the highest standards of transparency and global best practices adding that the contracts were awarded after rigorous evaluation criteria and in line with industry norms.
“To re-emphasise our commitment to transparency, NNPCL subjected the selection process to a competitive tender guided by the Bureau of Public Procurement standards, Infrastructure Concession Regulatory Commission expertise, and the active involvement of a transaction advisor.
“We also had representations from Nigeria Extractive Industries Transparency Initiative and the Ministry of Justice in the project development team and the evaluation exercise.
“Below is the composition of consortium members per lot spread across Nigeria. LOT 1: Oilserve Ltd, Chu Kong Steel Pipe Group Company Ltd, Saudi Crown Oilserve.
“LOT 2: MacReady Oil and Gas Services, COBRA Instalicios S.A, Control Y Montajes Industriales & International De Pipelines, Iron Products Industries Ltd, Batelitwin Global Services Ltd, Bauen Empresa Constructora SAU, Sanderton Energy Ltd, The Spanish National Association of Manufacturers.
“LOT 3: A Rano, Zakhem Construction Nigeria, Bablinks Resources Ltd, VAE Controls S.R.O; and LOT 4: MRS Oil and Gas, CPPE Nigeria Ltd,” the company wrote.
It emphasised that “these contracts are build, operate and transfer agreements, and selected partners are to finance the rehabilitation and do not entail the transfer of control of these assets to any particular company.”
NNPC explained that the award of the contract was meant to enhance the integrity and functionality of the pipelines to facilitate the efficient transportation of crude oil to refineries and the distribution of its products across the country.
It added that the “ownership of these strategic national assets remains with NNPC Limited, and we are fully committed to ensuring their continued operation in the interest of over 200 million Nigerians.”
