Dangote Partners with First E&P in Acquisition of Shell OMLs

Dangote's plans to build a refinery to double Nigeria's refining capacity took a step closer to reality with the revelation that they have secured feedstock in a partnership with First E&P. The two partners have formed a new company, West African E&P Venture to jointly develop oil mining leases (OMLs), divested by international oil companies (IOCs). They have both partnered in the acquisition of OMLs 71 and 72 from Shell. First E&P will be the operator on the assets whilst Dangote is financing the acquisitions and development of the assets, ensuring he will eventually have access to feedstock. Whilst he had always expressed an interest in acquiring IOC divested assets, he had never seemed keen to push his interest too far. Analysts however predicted that it was not a matter of if, but when he would get his hands on the assets.  Meanwhile First E&P have also acquired Chevron's OMLs 83 and 85.

First E&P has been able to fly under the radar in its quiet acquisition of Shell and its joint venture partners' 45 per cent interest in shallow offshore oil mining leases (OMLs) 71 and 72 for which unconfirmed reports say they paid over $300 million. The two assets were quietly put up for sale shortly after the open bidding process for OMLs 18, 24, 29 and 25 turned into a scramble.

OMLs 71 and 72 were said to be the ugly brides in the recent Shell divestments (merely because they are not currently producing) as everyone scrambled for the other coveted assets leading to a premium of 25% on the prices paid for the assets. Although Dangote was said at the time to be eyeing up the four assets that had everyone's attention, the shrewd businessman would probably baulk at paying such a large premium just to get his hands on the choice assets. Only one of the two blocks he has just acquired has ever produced and it got to just over 20,000 barrels per day of production at its peak. This makes for a more realistic sale price than the other blocks that had everyone's attention.

First E&P acquired the other two assets in rather more controversial circumstances. Barely one week after it put its interests in OMLs 52,53 and 55 up for sale, Chevron announced that its 40 per cent interests in OMLs 83 and 85 were also up for grabs. It however planned to sell them in a spot auction given the lukewarm response to the two non-producing assets in shallow water offshore Bayelsa State. Industry watchers have suggested that the lack of interest in OMLs 83 and 85 was probably because in addition to being non-producing assets, which were relatively undeveloped, they were also due to expire soon meaning that following acquisition the purchaser would have to deal with regulatory approvals for the renewal of the leases.

In the end two companies, First E&P and another, international firm, Petroleos De Geneve (PDG) claimed to have won. PDG dragged Chevron off to court after the Chevron refused to declare them the winner, stating that they never received the Standby Letter of Credit issued by a South African bank on their behalf, something that PDG denied. The matter went up to Abuja and the Minister of Petroleum Resources was prevailed upon by PDG not to grant Ministerial consent for the transfer of the assets.

Chevron acquired OML 83 and the much larger OML 85 with its Madu field after its acquisition of Texaco.  Madu field in OML 85 is said to hold over 140 million barrels with nearly half of it gas and Anyala field in OML 83 is said to hold over 200 million barrels. They were both originally discovered in 1993 by Texaco, but development was deferred in the 1990s because of cost calculations. However, Chevron began a new development plan in 2004, with the strengthening of oil prices but in spite of the flurry of activity, neither field had been fully developed by Chevron and neither is in production.

Now, in one of her last actions in office, the former Minister of Petroleum Resources signed the regulatory consent to the acquisition of all four assets, just in the nick of time. First E&P has said it plans to develop the assets aggressively and expects to get to first oil within 12 months. 

Dawes Island Marginal Field On Target for First Oil Before Year End

Petralon Energy, the indigenous exploration and production company in Nigeria that farmed into the Dawes Island Field in Oil Prospecting Licences (OPL's) 2005 and 2006 is targeting first oil before the of this year, the Chief Executive of the company, Ahonsi Unuigbe said recently. He said they anticipate a base case initial production from the field of 1,500 barrels of oil per day (bopd), ramping this up to 3,000 bopd by the end of the year.

The company, which was formed by former Shell Petroleum Development Company Managing Director and Country Chair of Shell Companies in Nigeria, Mutiu Sunmonu and former Chief Executive of Access Bank, Aigboje Aig-Imoukhuede, farmed into the marginal field in July 2014. Of the immediate $13 million CAPEX requirement for the project, Petralon has already raised $10 million for their own share. They have agreed to fund 63 per cent of all capital expenditure and are entitled to a 35 per cent interest prior to cost recovery and 21 per cent post cost recovery. They are reported to have raised up to $50 million in funding for this project and other prospective acquisitions.

Tako E&P Solutions, an indigenous company which will provide the drilling services for the project, for which it will take a 14 per cent interest pre-cost recovery and a 28 per cent interest post cost recovery.

Dawes Island, located in swampy terrain, some 14 kilometres outside Port Harcourt, was previously owned by Chevron as part of oil mining lease (OML) 54. Chevron drilled a discovery well which did not progress beyond a depth of 10,355 feet. The marginal field was awarded to Eurafric Energy Limited in the 2003/4 marginal fields licensing round. So far only 9 of the fields have entered into production. The partners believe this asset to be on target to become the 10th marginal field of that licensing round to enter into production.

The Phase 1 Development Plan for Dawes Island involved the re-entry of Dawes Island-1 well, which has reached over 4,100 feet and a side-track to a target depth of 7,010 feet. Once they hit production they expect to process to a Barged Early Production Facility, with crude evacuated to nearby Terminals. Bonny Terminal is only 35 kilometres south of Dawes Island.

The company says it has a robust community engagement strategy, with active community involvement and has signed an MOU with the community. It is also hiring youth from the community for some of the work on the field.

Ahonsi Unuigbe, founding executive of Afren spin off, First Hydrocarbon Nigeria, (where he was CFO) remains optimistic about the prospects of Dawes Island. He said: "I am confident that our dynamic approach coupled with our experience and expertise will make this project a success."

"We are proud to be part of the rapidly growing group of indigenous companies who have the technical competence and financial resources to own and operate assets in Nigeria, fuelling the growth and development the indigenous upstream sector Nigeria."

The company, which has as its mantra "local content meets global best practice" has pedigree advisers on board including PriceWaterhouseCooper (PWC) as its auditors, power house law firms Olaniwun Ajayi and Aluko & Oyebode and CBO Capital Partners for investment advisory services.

OPEC Daily Basket Price Stood at $59.64 a Barrel Thursday, 25 June 2015

The price of OPEC basket of twelve crudes stood at $59.64 dollars a barrel on Thursday, compared with $60.68 the previous day, according to OPEC Secretariat calculations. The basket price had suffered a steep fall in the run up to the OPEC meeting, rising again sharply and hitting $62.41 in the days following the meeting. It seems to have stabilised at around $60 and just under in the last two weeks.

The scheduled OPEC meeting, which took place on the 3rd of June, went as expected with OPEC, spurred on by "King" of OPEC, Saudi Arabia, to keep production at $30 million barrels per day. The Saudi Arabian ploy is to keep market share by forcing the US to cut back on shale production as it becomes increasingly unsustainable due to the high costs of production. Saudi Arabia is claiming victory as drilling rigs fall silent across the oil producing regions of the US. The war is however far from over and the question is whether other OPEC producers can continue to wage this war for much longer as austerity measures begin to bite. Right now, Nigerian cargoes are floating on the sea as buyers continue to look elsewhere. In Asia, newer high-tech refineries are looking for different grades of oil and in any case, the cost of shipping Nigeria's crude all the way to Asia makes it less attractive than middle-eastern crude. As the game of chicken continues, the jury is still out on who will survive the longest.

The Conference reviewed the oil market outlook, as presented by the Secretary General, in particular the demand and supply projections, and the outlook for the second half of 2015. The Conference noted that the global economic recovery had stabilized, albeit with growth at moderate levels. In the current year, GDP growth is projected at 3.3%, with this expected to be at a slightly higher level of 3.5% for 2016. 

Recording its continued concern over market volatility and the challenges faced by the global oil industry as a whole, the Conference observed, further, that the sharp decline in oil prices witnessed at the end of last year and the start of this year - caused by oversupply and speculation - had now abated, with prices moving slightly higher in recent months.

The Conference noted that world oil demand is forecast to increase in the second half of 2015 and in 2016, with growth driven by non-OECD countries. On the supply side, non-OPEC growth in 2015 is expected to be just below 700,000 barrels per day, which is only around one-third of the growth witnessed in 2014.

The Conference also observed the recent build in stocks and the surplus of oil in both OECD and non-OECD countries, which has resulted in stock levels that lie well above the five-year average in terms of absolute volumes, indicating that the market is comfortably supplied.

In view of the foregoing, the Conference resolved to maintain the 30 million barrels per day ceiling and urged Member Countries to adhere to it.  Member Countries, in agreeing to this decision, confirmed their commitment to a stable and balanced oil market, with prices at levels that are suitable for both producers and consumers. Nonetheless, the Conference stressed that, given the current market uncertainties, the Secretariat should continue to closely monitor developments in the coming months.

Dr. Jamila Shu'ara, Permanent Secretary of Nigeria's Ministry of Special Duties and Inter-Governmental Affairs led the Nigerian delegation ending speculation that President Buhari, would head the delegation following the departure of Diezani Alison-Madueke, the former Minister of Petroleum Resources. He has so far not appointed a replacement and there is speculation that he intends to head the Ministry himself to stem the tide of corruption that has been sweeping the industry for a long time. 

The question of the Presidency of OPEC, which Diezani made very much of, remains a non-issue. The 1-year term of office is available to whoever becomes the next Minister of Petroleum Resources.  Meanwhile, the Alternate President, Dr. Mohammed Bin Saleh Al Sada, Minister of Energy and Industry of Qatar was available to step in, as is usual when there is no-one in the office of President. The Conference decided that its next Ordinary Meeting would convene on Friday, 4th December 2015, in Vienna, Austria.

Introduced on 16 June 2005, the new OPEC Reference Basket (ORB) is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Afren Shareholders Prepare to Vote on Crucial Restructuring

Embattled Afren's survival hangs in the balance as shareholders prepare to vote in a crucial extraordinary general meeting. The meeting is expected to be held at 11.00 a.m. on 24 July 2015 at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW, at which the Resolution will be put to Shareholders.The shareholders of London Stock Exchange listed Afren Plc will be voting to decide whether the recapitalization proposed by the board should proceed. 

Afren's share price took a battering last year following the shocking revelations of unauthorized payments to its then CEO, who was later sacked, along with other executives. Since then, Afren has been struggling to restructure its loan notes after failing to keep up with interest payments on its massive loan portfolio.  The revelation that it had overestimated the reserves in its Kazakhstan assets did not help matters. Seplat had been circling the company but lost interest when its deal with Chevron received ministerial consent.

Afren says the principal components in this restructuring are:

• the implementation of a scheme of arrangement in respect of the Existing Notes, including:

• the issue of approximately US$369 million of new high yield notes due 2017 to refinance and repay the Bridge Securities and to provide an additional US$148 million in net cash proceeds to the Group;
• the conversion of approximately US$234 million of the Existing Notes (representing 25% of the 2016 Notes, the 2019 Notes and the 2020 Notes) into new Ordinary Shares in the Company, representing 80% of the existing issued share capital; and
• the remainder of the Existing Notes to be cancelled and reissued in equal amounts of approximately US$350 million each of new notes due December 2019 and December 2020 respectively, with an annual interest rate of 9.1%;

• the issue of additional new Ordinary Shares, equal to 50% of the issued share capital of the Company following the Debt for Equity Swap described above, to holders of the New Senior Notes;

• the issue of up to £49.2 million (approximately US$75 million) of new Ordinary Shares by way of an open offer to Shareholders at 1 pence per Open Offer Share; 

• the issue of new Ordinary Shares, equal to 10% of the fully diluted share capital of the Company following the completion of the Open Offer, to holders of the New Senior Notes in order of priority of their agreement to subscribe for the New Senior Notes; 

• the issue of new Ordinary Shares, equal to 5% of the fully diluted share capital of the Company following the completion of the Open Offer, to the holders of the Bridge Securities in partial repayment of the Bridge Securities;

• the entry into an amended term facility with the Ebok Lenders, including to extend the period for repayment of the US$300 million Ebok Facility until June 2019; and
• the entry into an amended loan agreement with the Okwok/OML 113 Lender, including to extend the period for repayment of the US$50 million Okwok/OML 113 Facility until June 2019.

The directors, led by the new CEO of the company, Alan Linn, have stressed the importance of a "yes" vote to the shareholders.  Voting in favour of the proposed restructuring, they believe, will provide the existing shareholders with the only opportunity to realize value and improve the capital structure of the group. That will give it the time it badly needs to rescue the company and grow the value of the assets.

The RNS says: "The total number of Ordinary Shares in issue immediately prior to the Restructuring will represent between approximately 6% and 9% of the total number of Ordinary Shares in issue immediately following completion of the Restructuring (depending upon the level of take up in the Open Offer). The new equity being injected will therefore be represented by between approximately 91% and 94% of the total number of Ordinary Shares in issue immediately following completion of the Restructuring, but before the implementation of the share consolidation."  What this means is that shareholders will be diluted by 91 per cent if there is full take up of the open offer.

The restructuring will still take place even if there is a "no" vote but the immediate consequence will be that the amount of debt will increase by approximately $266 million and the interest rates on the new debt will cause outstanding debt to increase significantly. 

The Company is targeting the implementation of the scheme of arrangement at the beginning of August and the completion of the Restructuring before the end of August 2015.

The company has launched a microsite to provide information for shareholders following the publication of a prospectus relating to the company's proposed restructuring and refinancing. The microsite address is www.afrenegmvote.com. Shareholders are urged to visit the site to gain as much information as possible about the proposed restructuring in advance of the EGM.

The company is to use a 30-day grace period it has under its 2020 bonds with respect to approximately $11.9 million of interest that fell due on 9 June 2015 pending the completion of the recapitalisation process. 

Afren's woes have been piling up for some time, but it seems there could be light at the end of the tunnel after all, even though analysts are divided as to whether this restructuring is the great hope it is billed to be.

On a brighter note for the beleaguered company, Afren seems to have mended fences with its partners, Amni on the offshore Okoro Further Field development project. Afren revealed in its operational update recently the two partners are now jointly reviewing plans for Okoro Further Field Development (FFD), which will target new reservoirs on the Okoro field. They are looking at reviewing the work program to bring it in line with current low oil prices. 

DPR Director, George Osahon, Still in Office

News of the departure of George Osahon, Director of the Department of Petroleum Resources (DPR) has been greatly exaggerated. He has not resigned as was widely reported last week. Neither has he been sacked. It had been reported that he had tendered his resignation and was due to vacate the office on Friday.   As we went to press, Osahon remained firmly at the helm at DPR. The misinformation that was circulated has already caused a lot of disruption to management teams across oil companies as they hurriedly tried to put in place measures to deal with the departure of Osahon.

Many are pleased that he his able to remain in office, for now at least, as the general impression is that he is doing a good job.  Industry watchers however believe that President Buhari will replace him, as lobbying for the critical role by political cronies intensifies. The President however remains reluctant to be hurried along into a decision over the role, just as with the role of Minister of Petroleum Resources. The indications are that he intends to take on the role of Minister himself, as he did when he was last President. Many caution against that, as they doubt, given his age, whether he can be effective in the role.  

The Ministerial role right now requires an effective leader to oversee all the industry reform that will be required to turn the country round. From the Petroleum Industry Bill, to refineries, gas to power, downstream deregulation, NNPC reform, rehabilitation of refineries. There is so much to be done and it requires a person with a great deal of energy to set about the huge responsibility that will be placed on his/her shoulders on taking office.  The President's role should be to ensure that there is real transparency and accountability to ensure that the stench of corruption is permanently removed from that Ministry.

NEITI Reveals $47 Million Oil Revenue Still Unaccounted From 2012 Audit

The Executive Secretary of Nigerian Extractive Industries Transparency Initiative Extractive (NEITI), Zainab Ahmed has revealed that there is still no explanation for the whereabouts of the sum of $47 million, which in the 2012 NEITI audit of the oil and gas industry, NEITI revealed was neither reconciled nor accounted for. She recalled that the audit found that Nigeria earned a total of $62.944 billion as revenues from oil and gas in 2012. However, of this amount the difference between what companies claimed they paid and what government agencies declared they received into government coffers was $47million.

Ahmed was speaking during the visit of the outgoing International Chair of the Extractive Industries Transparency Initiative (EITI) International Chair, Clare Short who was in the country to convey the support of the organisation to President Buhari and his administration.

Ahmed also disclosed that from the 2012 Audit Report over $210 million represented revenue loss to the Federation as a result of under assessment of taxes while another $465.8million was lost by the country as a result of underassessment of Petroleum Profit Tax (PPT), Royalty and other petroleum taxes.

Ahmed used the opportunity to call for the implementation of the findings and recommendations contained in various NEITI Audit Reports as part of the proposed reforms of the new administration.

Ahmed also joined the growing call for the removal of oil subsidies. She said that the 2012 audit found that a total of N1,355 trillion was processed for payment as subsidy. Out of this amount N690 billion was actually paid putting a debt burden of N665 billion on the Federal Government. Subsidies paid over the last 7 years came to N4.5 trillion. 

Between 2006-8, she said, a total of N816,554 was paid in subsidies. Then, for the period between 2006-8, the sum had ballooned to N3 trillion and in 2012 alone, it was N609 billion.She said the amount being expended on fuel subsidies would be more than enough to repair the nation's refineries or build new ones. She pledged NEITI's backing for the removal of oil subsidies.

During her visit, Claire Short said she was optimistic about the unfolding positive enabling environment for reforms in the oil, gas and mining industries under the new government in Nigeria. She said: "EITI has faith in the new administration in Nigeria. We are ready to work with the new government to reform the oil sector and NEITI independent reports in the sector will help to lead the way".

Whilst commending the (NEITI) for its courage to put in the public domain reliable information and data on the process and financial lapses that needed to be addressed if Nigerians were to benefit from the abundant resources in the country, Short called on the new administration to deepen the process of implementation of NEITI Reports.

EFCC Probe into Crude Oil for Products Swap Deals Yielding Results

The Economic and Financial Crimes Commission (EFCC) investigation into swap deals in which crude oil was swapped for refined products is beginning to yield results NOGintelligence gathered. One downstream company is said to have already refunded $500 million, an amount, which industry analysts say is only a small amount of what is yet to be recovered. The investigation was launched jointly with the Department of State Services (DSS) soon after the Buhari administration, which was elected on an anti-corruption platform, took over.

The practice in which traders acquire Nigeria's crude oil from the Nigerian National Petroleum Corporation, in exchange for importing refined petroleum products in swap deals have come in for a lot of criticism. The Executive Secretary of the transparency watchdog, Zainab Ahmed, sent a report last year to an ad hoc House Committee set up to investigate claims made by Swiss non-governmental organisation (NGO), Berne Declaration, that Nigeria was losing an estimated $8 billion in revenue as a result of the transactions. In the report she said that NEITI found that four of the oil traders, Trafigura (173,786,600 litres); Vitol (654,440.7 litres); Taleveras (152,308,878 litres); Aiteo Nigeria Limited (193,046,590 litres) and Ontario Oil and Gas (180,278,732 litres) "under-delivered" 500,075,239.3 litres of products in total in 2011. As a result, the report said, the country was owed billions in lost revenue in billions of dollars.

However, the companies that are firmly in EFCC sights in the investigations are indigenous downstream giants, Aiteo and Sahara Group as well as NNPC Subsidiary, Duke Oil. Berne Declaration pointed the finger specifically at Swiss trading companies including Ontario Oil and Gas and Trafigura, whose contracts have now expired. Also under investigation is Taleveras, whose contract has similarly expired. Interestingly, the indigenous companies Aiteo, Taleveras and Sahara Group have all acquired interests in the latest round of asset divestment divested by Shell.

EFCC is determined to unearth the finer details of these transactions and they are all reporting to Abuja where they are being required to open up their books and account for the oil they were given and the products they supplied in exchange. They will also have to explain how the rates of exchanged used in the transactions were computed and what costs were added on. One of NEITI's criticisms of the deals was that the refined products were landed in Nigeria fully loaded with costs that made the swaps uneconomic for Nigeria. It seems these deals will now be a thing of the past under the new administration. It is however determined to recover any sums owing due to under-delivery as described by NEITI's report or any other wrongdoing. 

Total - Provision of Catering and House Keeping Services

Total Exploration and Production Nigeria Limited (TEPNG) invites interested and registered Nigerian companies to respond to the opportunity for the provision of catering and housekeeping services. The scope of services involves the preparation and serving of meals to company's personnel offshore onboard EGINA FPSO (estimated to be between 150 and 240 personnel) and the provision of cleaning and housekeeping services. Only Tenderers who are registered with the relevant Product/service Categories shall be invited to submit technical bids. The closing date for this opportunity is 25th June 2015.

Chevron - Provision of Information Technology Infrastructure Hardware Procurement and Installation

Chevron Nigeria Limited (CNL) invites interested and registered Nigerian companies to respond to the opportunity for the installation of IT Infrastructure assets. The scope of services involves the provision of HP desktops, workstations, servers, printers and scanners ,Lenovo laptops, Zinox, Speedstar, Omatek desktops and laptops, Hitachi storage solutions, network appliances storage solution and EMC storage solutions, business applications, Microsoft licenses, VMWare products, Cisco switches, routers and tele-presence equipment, riverbed steelhead accelerators and juniper products, Motorola radios, conventional and trucking on VH, HF and UHF bands and Aviat Microwave radio equipment, Palo Alto security appliances. Only tenderers who are registered with NJQS Product Codes and Categories shall be invited to submit technical bids. The closing date for this opportunity is 30th June 2015.

Addax - Provision of Hydraulic Workover Unit

Addax Petroleum Development (Nigeria) Limited) invites interested and registered Nigerian companies to respond to the opportunity for the provision of hydraulic workover unit. The scope of services involves the changing out of electric submersible pumps (ESP's) with the option of carrying out sand removal and other intervention operations on development, and possibly exploration and appraisal, wells together with the provision of operational support services. Only Tenderers who are registered with NJQS under category 3.04.14 Snubbing Services and 3.04.13 Workover shall be invited to submit technical bids. The closing date for this opportunity is 1st July 2015.

Chevron - Provision of Call-Out Offshore Maintenance Painting Services

Chevron Nigeria Limited (CNL) invites interested and registered Nigerian companies to respond to the opportunity for the provision of call-out offshore maintenance painting services. The scope of services involves the mobilization of marine spread to CNL offshore locations, blasting and painting of wellhead jackets, blasting and painting of production platforms or accommodation platforms and the procurement of all necessary materials not provided by company. Only tenderers who are registered with NJQS Product/Category 3.05.06 (surface treatment, sandblasting, painting, coating and fireproofing services), Categories A and B shall be invited to submit technical bids. The closing date for this opportunity is 6th July 2015.

Chevron - Provision of Instrument, Electrical, Mechanical (Rotating and Fixed) Equipment Maintenance Services

Chevron Nigeria Limited (CNL) invites interested and registered Nigerian companies to respond to the opportunity for the provision of instrument or electrical or mechanical (fixed and rotating) equipment maintenance services. The scope of services involves the provision of industrial electrical equipment, instrumentation and mechanical fixed and rotating equipment. Only bidders who are registered in the NJQS categories shall be invited to submit technical bids. The closing date for this opportunity is 6th July 2015

Chevron - Provision of Maintenance Services for Light & Heavy Duty Equipment

Chevron Nigeria Limited (CNL) invites interested and registered Nigerian companies to respond to the opportunity for the provision of maintenance services for light & heavyduty equipment. The scope of services involves the provision of all management, supervision, materials, manpower and other resources necessary to perform routine preventive, corrective and predictive maintenance of all company owned and leased automobiles (light and heavy) as recommended by OEM and company's practice. Only bidders who are registered with NJQS Product/Category 3.05.22 (automobile (light and heavy) maintenance services) Category A shall be invited to submit technical bids. The closing date for this opportunity is 6th July 2015.

SPDC - Provision of Corporate Hosting & Storage Maintenance Service

Shell Nigeria Exploration and Production Company Limited (SNEPCO) invites interested and registered Nigerian companies to respond to the opportunity for the provision of corporate hosting & storage maintenance services. The scope of services involves the provision of Hardware equipment support, maintenance and upgrade activities for servers (IBM, HP, DELL etc.), storage (NetApp, EMC etc.), backup devices (IBM, Sun etc.), reprographics and other related infrastructure for operating systems in use in SPDC and the  Procurement of standard server and storage replacement/enhancement parts, licenses, warranties, peripherals, software, middleware and consumables (such as Processors, tapes, labellers, disks, memory, controllers, boards etc. Only Tenderers who are registered in the 3.11.07 operating systems installation / support services NJQS product/category shall be invited to submit technical bids. The closing date for this opportunity is 13th July 2015.

Total - Provision of Internet Service

Total Exploration and Production Nigeria Limited (TEPNG) invites interested and registered Nigerian companies to respond to the opportunity for the provision of internet service for residential area network and provision of mobile broadband service. The scope of services involves the provision of reliable and dedicated internet capacity with flexible technology to support future upgrades. Only Tenderers who are registered with the relevant Product/service Category shall be invited to submit technical bids. The closing date for this opportunity is 15th July 2015.

Pan Ocean - Provision of Petroleum Products

Pan Ocean Oil Corporation Nigeria) invites interested and registered Nigerian companies to respond to the opportunity for the provision of petroleum products. The scope of services involves the annual supply of a total volume of 10 million litres and 0.25 million litres of AGO and PMS respectively to Pan Ocean locations in Lagos, Benin and Ovade-Ogharefe flowstation. Only Tenderers who are registered in the relevant NJQS product/category with 2.07.02 petroleum products [gas, oils, fuels] shall be invited to submit technical bids. The closing date for this opportunity is 17th July 2015.

TODAY

Nigerian Producers Forum
26 June, 09.00 - 16.00
Metropolitan Club, Lagos