Tender, Bids, Prequalification and Contracts in Nigeria

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ADDAX PETROLEUM EXPLORATION (NIGERIA) LIMITED

RC 333613

CONTRACTOR TO NNPC ON OML 126 AND 137

INVITATION FOR PRE_QUALIFICATION

TECHNICAL EVALUATION TO BID AS AN INSURER FOR THE PROVISION OF CONSTRUCTIONAL RISKS INSURANCE FOR THE OML- 126/127 FIELD DEVELOPMENT PROJECT

1. INTRODUCTION

Addax Petroleum Exploration (Nigeria) Limited (hereinafter referred to as “Addax Petroleum”) is seeking qualified insurers for the provision of Construction All Risk (CAR) insurance for the NDA extension Projects and invites submission from reputable Nigeria registered Insurance Companies having ‘world class’ experience in the provision of CAR insurance for the major onshore/offshore Oil and Gas Projects.

1. SCOPE OF WORK

The insurance would cover oil field development, construction/installation of platforms and pipelines, physical loss and, or damage to the project including marine, air and inland transit during project execution. In addition it would be cover certain General Third party Liability risks. The insurer shall retain a percentage of the risk in Nigeria and re-insure the excess capacity with leading international underwriters. The insurer will liaise with the appointed re-insurance Broker for the purpose of re-insurance with foreign Underwrite with minimum of A rating by S &P. The insurer will also handle claims services, policy documentation, renewals, endorsement etc.

1. PREQUALIFICATION REQUIREMENT

An insurance Company seeking to be selected must satisfy the following conditions

1. Be a Limited Liability Company registered in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact General Insurance Business
2. Have a minimum Paid up capital (Equity) of N3billion as per its last published account or any other evidence from NAICOM or CBN indicating minimum Paid Up Capital of 3billion
3. Have acquired good experience in Oil and Gas insurance business
4. Have adequate and qualified staff with experience in Oil and Gas Insurance business.
5. Must be in good standing as regards prompt settlement of all claims reported to date.
6. Have business relationship with competent Reinsurance (international) Broker(s) with good experience in Oil and Gas business, access to international market at Lloyd’s
7. Must be a good corporate citizen of Nigeria that plays it taxes as and when due

1. OTHER REQUIREMENTS

1. A certified true copy of the Corporate Affairs Commission (CAC) of the company’s certificate of Incorporation
2. A certified true copy of NAICOM of the Company’s Licence as an insurer to transact general insurance business
3. Current and valid registration with the Department of Petroleum Resources (DPR)
4. Documentation/evidence demonstrating experience on similar Oil and gas Insurance cover that insurer has provided in the last 3 years (2006-2008), including clients name and dates of cover
5. Provide company profile indicating Nigerian Shareholding, Company’s financial details, and published Annual Report and Accounts for the past three (3) years 2006, 2007 and 2008.
6. Evidence of NAICOM’s approval of Annual Returns and Accounts for previous underwriting year.
7. A profile of six(6) top management staff of the Company with their qualifications and Insurance working experience in Oil and Gas insurance business
8. Provide Organizational structure of not less than 100 personnel with not less than 10 claims personnel
9. In case of joint venture, an attached copy of the joint venture agreement and details of the interest of each of the Joint Venture partner, the role of each party clearly indicated
10. A signed Declaration by the Chief Executive Officer that the Company has settled all discharged claims
11. Name, address and profile of the Reinsurance Broker(s) that handle the Insurer’s oil and gas business in the past 12 months.
12. Evidence of Company’s Tax Clearance certificates for the past three (3) years 2006, 2007and 2008
13. Give brief description of re-insurance strategy and provide names of foreigner-insurers and principal Brokers.
14. Provide relevant information of two (2) contact persons: name, telephone, fax number and email address.
15. Certificate true copy of NAICOM approval of Recapitalization and Consolidation to continue to transact insurance business with the Federal Republic of Nigeria
16. Provide evidence of payment and registration with Nipex Joint Qualification.

Please note that

All respondents to this advertisement must fully comply with the Nigerian Content Directives of the Federal Government of Nigeria issued in December 2005. Non compliance will result in disqualification

1. NIGERIAN CONTENT

The Federal Government of Nigeria Directives on Nigerian Content Development (“Directives”) mandates that all contractors create value in country with targets of 45% by 2006 and 70% by 2010 in terms of total monetary expenditure through the deliberate utilization of Nigeria human and material resources without sacrificing safety, health and environmental standards.

The in-country capacity must firstly be exhausted before taken steps on outside/foreign re-insurer and NAICOM must approve any reinsurance to be placed abroad in line with the law.

Addax Petroleum intends to and expects the contractor to comply with the Federal Government/NCD Directives of October 13 2006. As a result, Bidders will be evaluated on their perceived willingness, documented track record and demonstrated plan to fully comply with the Directives and company requirements.

Objective of this Pre-qualification/Technical Evaluation is to allow companies to demonstrate their willingness and ability to perform this work in Nigeria in a dependable manner. Each insurer wilt also be required to demonstrate that they will maintain a stable management organisation in Nigeria.

In view of the above, bidders should state the following;

1. Provide a copy of company’s detailed MOU/agreement with any competent Re-insurance company;
2. Provide a detailed description of all work your company will accomplish using Nigerian Resources (labour, Material & Services);
3. Provide current and in-place organisation structure. Also detail experience and skills of key management personnel;
4. Detail past experience/present commitment to staff training and development of its Nigerian Personnel;
5. State any further innovative proposals that would enhance the Nigerian Content for the insurance programme:
6. Provide details of your company ownership and shareholding structure,  Submit copies of your CAC forms CO2 and CO7;
7. Furnish details of your training plan for Nigerians specific to this scope of work;
8. Current NAICOM registration certificate:

NOTE:

Only Indigenous companies or indigenous companies in genuine alliance with Multinational Companies as approved by NAICOM are to tender. NON compliance with Nigeria content requirements is a FATAL FLAW.

1. GENERAL

Failure of Insurer to follow any of the instruction above or to provide any of the listed documents automatically results in disqualification.

1. Notwithstanding the submission of requested forms to Addax Petroleum, Addax Petroleum is neither committed nor obliged to Include any contractor on any bid lists or award any form of contract.
2. Addax Petroleum will not make any form of payment for submissions presented to this notice. All costs incurred as result of this qualification invitation and any subsequent requests for information shall be for the responding companies account.
3. Interested parties must submit their prequalification documentation by 10th February 2010

1. SUBMISSION OF PREQUALIFICATION DOCUMENTS (3 COPIES)

The name and address of the company applying must be clearly written at the back of the forwarding envelopes.

The pre-qualification documents must be in triplicate in both hard copy and CD-Rom electronic form. Envelope should be sealed and marked as follows:

“CONFIDENTIAL”

PRE-QUALIFICATION INFORMATION

ADDAX PETROLEUM EXPLORATION (NIGERIA) LIMITED

TENDER TITLE: PROVISION OF CONSTRUCTION ALL RISK INSURANCE SERVICES

These envelopes should be delivered either by hand or registered mail to reach the address given below not later than 10^th February 2010

ADDAX PETROLEUM EXPLORATION (NIGERIA) LIMITED

32, OZUMBA MBADIWE AVENUE

VICTORIA ISLAND LAGOS

ATTENTION: THE TENDER BOARD SECRETARY

NIPEX COMPLIANCE

Please visit the NipeX portal at www.nipexng.com for this Advert and other information.

Companies are expected to have attained the “Published” status in the NipeX JQS database to be eligible for this exercise. This is a condition to participate in this exercise. Application forms are available at www.nipexng.com

Companies are expected to have their nominated personnel attend a training session on the functionality and use of the NipeX eMarketplace and show evidence that such personnel have received formal certification from NipeX.

NOTES

1. THIS IS NOT AN INVITATION TO TENDER. Notwithstanding the submission of the pre-qualification information, Addax Petroleum is neither committed nor obliged to include any company on any bid list or to award any contract to any company and/or associated companies, subcontractors or agents;
2. Addax Petroleum/NAPIMS reserve the right to reject any/or all pre-qualification proposals;
3. Addax Petroleum will deaf only with authorised officers of the tendering companies and not through individuals or agents acting on their behalf;
4. Addax Petroleum will not enter into correspondence with any company or individual on why a company was pre-qualified or not pre-qualified;
5. This advertisement of “Invitation to “Pre-qualify” shall not be construed as a commitment on the part of Addax Petroleum, nor shall it entitle companies to make any claim  whatsoever and/or seek any indemnity from Addax Petroleum in relation thereto