Thirty five firms clinch NNPC’s 2019/2020 DSDP contract

*Petroleum products laden vessels.

Ike Amos

Abuja — The Nigerian National Petroleum Corporation (NNPC) Sunday, announced that 15 consortia, made up of 35 foreign and indigenous companies, have emerged winners of its Direct-Sale-Direct-Purchase, DSDP, arrangement for 2019/2020.

In a statement in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, declared that this was in line with the avowed commitment of the NNPC to transparency and accountability in all its activities as committed by the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari.

Ughamadu said the contract with the consortia/companies, was expected to last for one year, effective 1st October 2019 to 30th September 2020.

He noted that under the DSDP arrangement, the 15 consortia 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.

Ughamadu stated 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 the NNPC.

He identified the successful companies as BP Oil International Limited/AYM Shafa Limited; Vitol SA/Calson-Hyson; TOTSA Total Oil Trading SA/Total Nigeria Plc; Gunvor International B.V./AY Maikifi Oil & Gas Company Limited; Trafigura PTE Limited/A. A. Rano Nigeria Limited; CEPSA S.A.U./Oando Plc; and Mocoh SA/Mocoh Nigeria Limited.

Others are Litasco SA/Brittania-U Nigeria Limited/Freepoint Commodities; MRS Oil & Gas Company Limited; Sahara Energy Resource Limited; Bono Energy Limited/Eterna Plc/Arkleen Oil & Gas Limited/Amazon Energy; and Matrix Energy Limited/Petratlantic Energy Limited/UTM Offshore Limited/Levene Energy Development Limited.

The rest are Mercuria Energy Trading SA/ Barbados Oil & Gas Services Limited/Rainoil Limited/Petrogas Energy; Asian Oil & Gas PTE Limited/ Eyrie Energy Limited/ Masters Energy Oil & Gas Limited/Casiva Limited; and Duke Oil Company Incorporated.

Ughamadu added that “In his takeover note on 8 July 2019, the newly appointed NNPC GMD, Mallam Kyari, had promised to open NNPC books to public scrutiny, saying as a publicly owned company Nigerians deserve to know about the operations of the Corporation.

“He reiterated his Management’s team commitment to transparency and accountability when he had a maiden Town Hall engagement with the staff of the corporation where he launched the team’s policy direction tagged: Transparency, Accountability, Performance and Excellence, TAPE.”