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FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED has floated a tender for Provision of Energy Insurance Package for NNPC/First E& P JV Operations. The project location is Nigeria and the tender is closing on 07 Dec 2021. The tender notice number is 1000005576, while the TOT Ref Number is 60034385. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Nigeria
Summary : Provision of Energy Insurance Package for NNPC/First E& P JV Operations
Deadline : 07 Dec 2021
Other Information
Notice Type : Tender
TOT Ref.No.: 60034385
Document Ref. No. : 1000005576
Competition : ICB
Financier : Self Financed
Purchaser Ownership : -
Tender Value : Refer Document
Purchaser's Detail
Purchaser : FIRST EXPLORATION & PETROLEUM DEVELOPMENT COMPANY LIMITED
8/10 Bayo Kuku Road, Ikoyi, Lagos
Nigeria
Tender Details
Tenders are invited for Provision of Energy Insurance Package for NNPC/First E& P JV Operations.
SCOPE OF WORK/SERVICE REQUIREMENT
Energy Insurance Package.
The NNPC/FIRST E&P JV OML 83 & OML 85 Assets. Insurance would cover Physical Damage to offshore and onshore property and equipment, Operators Extra Expenses, and General Third-Party Liability. The Insurer shall retain a minimum of 70 percent of the risk in Nigeria and re-insure the excess capacity with leading Foreign Reinsurer (with A+ rating by S & P/ A- rating by Moody-s). The Insurer will liaise with the appointed international re-insurance Broker to administer placement of the risk in the international insurance market. The insurer will also handle policy and claims administration.
Documents
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