FURORE OVER $260M CONTRACT ON USAN OILFIELD

The last may not have been heard about the controversial award of the $260 million contract on Usan oil field by Esso Exploration and Production Nigeria Limited.
In the latest development on the matter, the Nigerian Content Front (NCF) has called on the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to cancel $260 million contract, insisting that the award of the contract without open competitive bidding violates Section 16(1) (c) and (d) of the Public Procurement Act (PPA) of 2007 and is punishable under Section 58 (c) of the PPA.

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NNPC CLARIFIES ROLE OF NAPIMS IN $260M USAN OILFIELD CONTRACT

The Nigerian National Petroleum Corporation (NNPC) has provided a clarification on the role of its subsidiary, National Petroleum Investment Services (NAPIMS) in the $260 million contract awarded by ESSO Exploration and Production Nigeria Limited, a subsidiary of ExxonMobil in Usan oilfield.

The corporation has also blamed the ExxonMobil unit for planning to cancel a running contract, saying the NAPIMS’ position is that “if ESSO unilaterally cancels this contract, ESSO will solely bear all incidental costs and cost of the replacement service, and such costs will be non-recoverable.”

 

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EXXONMOBIL BEGINS CRUDE OIL PRODUCTION IN ERHA NORTH PHASE 2

United States oil giant, ExxonMobil Corporation, Wednesday announced that its subsidiary, Esso Exploration and Production Nigeria Limited (EEPNL), has started oil production five months ahead of schedule at the Erha North Phase two project offshore Nigeria.

The world’s largest publicly traded international oil and gas company also noted that Erha North Phase two came on stream $400 million below the budget estimate, with Nigerian contractors accounting for more than $2 billion of project investment for goods and services, including subsea equipment, facilities and offshore installation.

 

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NGSA PUBLISHES 12 MAPS FROM EXXONMOBIL'S UNIVERSITY PARTNERSHP PROGRAMME

Twelve maps of different geographic locations in Nigeria have been published by the Nigerian Geological Survey Agency (NGSA), as a result of the University Partnership Programme (UPP) of Esso Exploration & Production Nigeria Limited (EEPNL), a subsidiary of ExxonMobil subsidiary.

Director General of the agency, Mr. Alex Ndubuisi Nwegbu, disclosed this at the recent 2015 UPP presentation ceremony in Abuja.

Read more @ Guardian