July 13, 2024

Flare Gas Buyers: 139 applicants qualify for RFQ phase of NGFCP 2022 -NUPRC

0

Oredola Adeola

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has announced that a total of one hundred and thirty-nine (139) applicants have been successfully awarded the Qualified Applicant status in line with the provisions of the  Request for Qualification(RFQ).

This was contained in a statement announcing the conclusion of the Request for Qualification(RFQ) phase of the Nigerian Gas Flare Commercialisation Programme(NGFCP) 2022 in line with the accelerated delivery schedule. released and signed by Engr. Gbenga Komolafe, Chief Executive, NUPRC, and obtained by EnergyDay on Friday.

According to the statement, the 139 qualified applicants were selected out of three hundred(300) companies that registered their interest to revalidate their prequalification status and submit Statement of Qualification(SOQ) as existing bidders and new participants, respectively.

EnergyDay’s check showed that NGFCP was restructured for enhanced value to investors, in furtherance to the Petroleum Industry Act 2021(PIA) and following an in-depth assessment of the current industry gas flaring situation and prevailing operational realities, coupled with changes in the socio-economic landscape since the NGFCP was initially conceived.

The Commission said, “Consequently, the Request for Qualification(RFQ) was issued to enable interested parties to register their interest to participate in the Programme.

“Three Hundred(300) companies registered their interest to revalidate their prequalification status and submit Statement of Qualification(SOQ) as existing bidders and new participants, respectively.

“Following the successful conclusion of the SOQ evaluation exercise conducted by the Bid Evaluation Team(BET), a total of One Hundred and Thirty-Nine(139) applicants were deemed successful and awarded the Qualified Applicant status in line with the provisions of the RFQ.

“To that end, and in consideration of Section 105(2) of the PIA and similar provisions enabling the Commission in that respect, the Commission hereby publishes the list of Qualified Applicants who will proceed to the Request for Proposal(RFP) phase of the NGFCP 2022.

Engr. Komolafe in a remark on the sideline of the announcement congratulated all successful applicants and enjoined them to follow through with the subsequent stages of the programme towards becoming a Permit Holder/Flare Gas Buyer in line with the applicable statutes.

He said that all qualified applicants shall receive further communications via their respective contact addresses and the NGFCP portal.

EnergyDay gathered that the Nigerian Gas Flare Commercialisation Programme (“NGFCP”) was conceptualised by the Ministry of Petroleum Resources in 2016, for implementation in 2018 and 2019 through the defunct Department of Petroleum Resources, DPR, but faced several delays until 2022.

The programme was relaunched in October 2022, to drive Nigeria’s commitment to end routine gas flaring within the decade and support the imperatives of the Nigeria Energy Transition Plan.

The NGFCP  was later restructured to reflect the current industry gas flaring situation, prevailing operational realities, and changes in the socio-economic landscape due to the passage of time since 2016.

The relaunched NGFCP 2022 was expected to deliver end-to-end value from flare gas commercialisation to both existing and new participants.

All the 300 applicants who participated in the qualification process are indigenous and international companies with proven technical and commercial capacity to convert flare gas for useful purposes.

The investors according to NUPRC have demonstrated requisite experience in project development, access to proven technology in commercial application and understanding of the market.

They are existing applicants who were previously pre-qualified and submitted bids during the 2020 bid process, and new investors, including those who participated previously but did not progress to bid submission.

Advertisements
ads_img

Leave a Reply

Your email address will not be published. Required fields are marked *