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FG’s plan to sell flared gas attracts over 700 investors

Please note that the submission date for the Nigerian Gas Flare Commercialisation Programme (NGFCP) Statement of Qualification (SOQ) has been extended to Thursday, 28th February, 2019 as opposed to the initial submission date of Sunday, 20th January, 2019. 

Each Applicant is required to complete and submit a SOQ and pay the SOQ submission fee by 17:00 hours West Africa time on or before the SOQ submission deadline of Thursday, 28th February, 2019 in order to qualify for consideration as a Qualified Applicant (QA) and NOT a day after. Each Applicant is responsible for preparing and delivering its SOQ in the required format.

As at today, over 700 plus interested parties have registered on the NGFCP portal to bid and jostle for the approximately 178 gas flare sites spread across Nigeria’s Niger Delta region.

After the close of the submission of the SOQs’, there will be an opening ceremony for the SOQs’ after which the Proposals Evaluation Committee (PEC) duly constituted by the Minister of State, Petroleum Resources for the purpose of evaluating the SOQs presented by the Applicants to determine Qualified Applicant status and evaluating the Proposals to determine those applicants whether they have been awarded the Qualified Applicant (QA) status.

A list of the selected Qualified Applicants will be published on the NGFCP Portal. Only QAs will be issued the Request for Proposal (RfP) package.  The PEC will carry out an evaluation of the Technical and Commercial Proposal on a strictly pass/fail basis. The Financial Proposals will be opened only for those Bidders whose Technical and Commercial Proposals have passed.

Source: NGFCP

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