The Nigerian National Petroleum Company Limited (NNPC) has established stringent financial and technical requirements for companies bidding to operate and maintain the Warri Refining and Petrochemical Company (WRPC) and Kaduna Refining and Petrochemical Company (KRPC).
To qualify, firms must have a minimum average annual turnover of $2 billion and be debt-free, demonstrating strong financial health and technical expertise. The successful bidders will possess the capability to manage the refineries effectively, ensuring a steady supply of petroleum products to meet national energy security needs.
The Expression of Interest (EOI) document outlines the eligibility criteria, including a $2 billion minimum turnover, audited accounts for the past four years, and latest credit ratings. Bidders must also demonstrate technical expertise in refinery operations and maintenance, with a track record of managing similar facilities for at least two decades.
Additionally, NNPC emphasizes local content compliance, requiring bidders to have a robust organizational structure with a significant percentage of Nigerian nationals in management and workforce. The EOI also mandates evidence of past and present commitment to staff training and development of Nigerian nationals.
The scope of work for the Operations & Maintenance (O&M) contract is extensive, covering production planning, maintenance execution, process engineering, and environmental management. Bidders must provide detailed information on their management team’s capabilities and workforce size.
NNPC assures potential bidders of guaranteed crude supply to the refineries after takeover by private firms, with the O&M contract designed to last a maximum of five years. The deadline for EOI submission is September 12, 2024.
The tender process will be conducted in three stages: Expression of Interest, Technical, and Commercial, ensuring the selection of the most qualified and capable firms to operate the refineries.
