The Nigeria National Petroleum Corporation (NNPC) has named fifteen companies as the winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement. One hundred and thirty-two companies had applied for the contracts.
According to the NNPC, 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. Meanwhile, the contract is for one year, effective 1st October 2019 to 30th September 2020.
The NNPC listed the successful companies as follows:
BP OIL INTERNATIONAL LTD./AYM SHAFA LTD. VITOL SA/CALSON-HYSON TOTSA TOTAL OIL TRADING SA/TOTAL NIG. PLC GUNVOR INTERNATIONAL B.V./AY MAIKIFI OIL & GAS CO. LTD. TRAFIGURA PTE LTD./A. A. RANO NIG. LTD CEPSA S.A.U./OANDO PLC MOCOH SA/MOCOH NIG. LTD. LITASCO SA/BRITTANIA-UNIG. LTD./FREEPOINT COMMODITIES MRS OIL & GAS COMPANY LTD SAHARA ENERGY RESOURCE LTD BONO ENERGY LTD./ETERNA PLC/ARKLEEN OIL & GAS LTD./AMAZON ENERGY MATRIX ENERGY LTD./PETRATLANTIC ENERGY LTD./UTM OFFSHORE LTD./LEVENE ENERGY DEVELOPMENT LTD MERCURIA ENERGY TRADING SA/ BARBEDOS OIL & GAS SERVICES LTD./RAINOIL LTD./PETROGAS ENERGY ASIAN OIL & GAS PTE LTD./EYRIE ENERGY LTD./ MASTERS ENERGY OIL & GAS LTD/CASIVA LTD DUKE OIL COMPANY INCORPORATED
The NNPC said that the tender process comprised technical and commercial bid submissions, evaluation and shortlisting, then commercial negotiations with prequalified companies and engagement of the successful consortia/companies.
According to the NNPC, “Under the DSDP arrangement, the under listed 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.”