NNPC awards contract to 50 firms to lift Nigeria’s crude oil

Fifty indigenous and foreign companies have emerged as winners of the advertised bids for award of contracts to lift Nigeria’s crude for the 2018/2019 crude oil term.

According to Premium Times, an online medium, the 50 companies were among a total of 254 that participated in the bids held last January for the sale and purchase of the Nigerian National Petroleum Corporation (NNPC) equity crude under the 2018/2019 crude oil term contracts.

Although the firms have not been officially announced by the NNPC, insiders at the state-oil firm confirmed the 50 selected firms to PREMIUM TIMES. The formal announcement is expected anytime soon.

At the bids opening ceremony in January, the Nigerian National Petroleum Corporation (NNPC) spokesperson, Ndu Ughamadu, said eventual winners would be selected as licensed off-takers to trade on Nigeria’s equity crude for a 12 months period.

During the exercise in January, the NNPC Group Managing Director, Maikanti Baru, told prospective bidders that the exercise was to promote greater participation of Nigerian enterprises, while preserving world-class standards.

The Group General Manager, Crude Oil Marketing Division, Mele Kyari, listed some of the conditions potential off-takers were expected to meet under the 2018/2019 crude term contract.

These include, possessing a minimum annual turnover of $500 million for 2016 and net worth of $250 million for 2016, apart from having the 2015 & 2016 audited accounts.

Other conditions bordered on the marketability of Nigeria’s crude oil in the international market, particularly in Europe, which has remained the major market for Nigeria’s 26 crude oil grades.

The 26 Nigerian crude oil grades on offer include Bonny Light, Forcados Blend, EA Blend, Bonga, Qua Iboe Light, Yoho Blend, Erha and Escravos Light. Others are: Pennington Light, Agbami, Brass Blend, Abo, Oyo, Okono Blend, Amenam Blend, Akpo Condensate and Usan. The rest include: Atam Blend, Okwori, Okoro, Ima, Ukpokiti, Obe, Okwuibome, Ebok and Asaratoru.

Mr Kyari said successful bidders would join in lifting over 700,000 barrels per day of crude oil by NNPC on Free on Board (FOB) basis.

COMPANIES CEO/OWNERSHIP
1. AA Rano ALH (Dr) AUWALU ABDULLAHI RANO
2. Aipec oil and gas limited Tayo Awogboro
3. AMG Mr. Risqua Murtala Muhammed (Group CEO)
4. Arkleen Bruce Wilson
5. Augusta Giuseppe Nestola
6. Barbedos Mr. Shafii Aliyu
7. BB Energy Khaled Bassatne
8. Bono Energy Banjo Omisore
9. Calson NNPC
10. Cassiva Alhaji Nasiru H. Danu
11. Cepsa Mr. Pedro Miro Roig
12. Cretus
13. Emadeb Mr. Adebowale Olujimi
14. Eterna Mr. Mahmud Tukur
15. Gladius Commodities Omotayo Dina
16. Glencore Ivan Glansenberg
17. Hinstock
COMPANIES CEO/OWNERSHIP
18. HPCL Mr. Mukesh Kumar Surana
19. Leighton Bowale Jolaoso
20. Levene Temitayo Ogunbanjo
21. Litasco Tim Bullock
22. Masters Energy Uchechukwu Samson Ogah
23. Matrix Abdulkabir Adisa Aliu
24. Mocoh Micheal Hacking
25. MRS Mr. Andrew Gbodume
26. North West Mrs. Winifred Akpani
27. Oando Adewale Tinubu
28. Ocean bed (Sahara) Tonye Cole
29. Petraco Ingeborg Srenger
30. Petrogas Usama Al Barwani
31. Propetrol Harry Ebohon
32 Prudent Abdulwasiu Sowami
33 Sacoil ( Efora Energy) Dr Thabo Kgogo
34 Sahara Tonye Cole
35 SEER
36 Setana Energy Edward Edozien
37 Setraco Chief Abu Inu- Umoru
38 Shoreline Kola Karim
39 Socar Arzy Azimov
40 Sonara Ibrahim Talba Malla
41 Total Mr Alexis Vovk
42 Trafigura Jeremy Weir
43 Ultimate gas (Rahamaniyya)
44 Vitol – Russell Hardy
45 Voyage – Hajiya Bola Shagaya
46 West African Gas – Walter Perez
47 Zitts and Lords – Okojie Samuel
48 ZR Energy (Trafigura)
49 Obat oil and gas – Prince Femi Akinruntan
50 Duke oil – Mr Inuwa Waya