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Monday, July 15, 2024

Gas flare bids: 139 qualified bidders will have access to 48 sites – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that all the 139 adjudged qualified/successful in the bid process of the Nigerian Gas Flare Commercialisation Programme (NGFCP) will have access to the 48 gas flare sites.

According to the Commission Chief Executive, Engr. Gbenga Komolafe, qualified applicants will have access to the data room for data prying and leasing, including suite of Commercial agreements, for the 48 gas flare sites on offer in the NGFCP 2022.

Recalled that the commission had early last month, announced that out of 300 companies registered their interest to revalidate their prequalification status and submit Statement of Qualification (SOQ) as existing bidders and new participants 139 applicants were deemed successful and awarded the qualified applicant status in line with the provisions of the Request for Qualification (RFQ).

Speaking at NGFCP 2022 Bidders’ Conference held in Abuja on Thursday, Komolafe stressed that the precise flare sites, volumes, and compositions of gas put on offer will be accessed in the Data room to be made available to Qualified Applicants via the NGFCP 2022 Portal upon payment of relevant fee.

He said NGFCP 2022 is first among series of competitive auctions whereby the flared gas would be put on sale by the Commission to interested entities as prospective flared gas permit title holders.

Also read:

“In this Programme, prospective bidders are expected to submit bid proposals in line with the requirements and terms of the Request for Proposal (RFP), covering such areas as technical, commercial, financial, and other relevant information regarding the project that the Qualified Applicant intends to develop. Such projects may include a plan to use the gas as fuel, feedstock or both for products to be disposed-off in either the domestic or international markets, therefore, by implication the flared gas end product is not market restricted”

Komolafe noted that apart from forestalling the negative impacts of gas flaring on the environment, NGFCP 2022 also ends the wanton wastage of our premium economic resources.

“In today’s carbon constrained world, where fossil fuel is becoming less and less popular in view of issues of climate change, natural gas has assumed a stature of significant importance as the bridging fuel for many oil and gas producing nations. For us here in Nigeria, Gas has been adopted as our transition fuel to drive the industrialisation of the Nation’s economy in line with the expectations of the Decade of Gas initiatives launched by the Federal Government. Additionally, the Nigerian Gas Flare Commercialisation Programme (NGFCP) initiative is also targeted at creating investment and employment opportunities and encouraging increased capital inflow to the Nigerian Oil and Gas sector. Indeed, the value derivable is multifaceted and aligns with the focus areas of our sustainable development goals”, he stated.

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