NIGERIAN AGIP EXPLORATION LIMITED-INVITATION TO TENDER FOR PROVISION AND ADMINISTRATION OF INSURANCE SERVICES FOR (LIFE INSURANCE SERVICES) & (NON-LIFE INSURANCE SERVICES INCLUDING ENERGY PACKAGE)
NIGERIAN AGIP EXPLORATION LIMITED (NAE) RC299647
OPERATOR OF NNPC LTD ONSHORE (PSC) BLOCKS OMLs 125, 134, 151 & OPL 245 (NOW PML 102 & 103)
TENDER OPPORTUNITY
PROVISION AND ADMINISTRATION OF INSURANCE SERVICES FOR (LIFE INSURANCE SERVICES) & (NON-LIFE INSURANCE SERVICES INCLUDING ENERGY PACKAGE)
(NAE. 00000045 & 00000046)
1. INTRODUCTION
Nigerian Agip Exploration Limited herein referred to as “NAE”, Operator of NNPC Limited’s OMLs 125, 134, 151 & OPL 245 (Now PML 102 & 103) invites interested and reputable Insurers with competent and skilled personnel, equipment and relevant experience to apply for pre-qualification for consideration to tender for the Provision of Insurance services for NAE operations.
2. BRIEF DESCRIPTION OF WORK SCOPE AND SPECIFICATIONS
This Contract is for the provision and administration of insurance services.
The objective of the call for tender (CFT) shall be to award contracts to multiple technically qualified bidders with the best competitive commercial offers for the provision and administration of Insurance Services for NAE operations.
The scope of the contract shall cover the provision of insurance programmes for the following operational risks and services:
* NAE PSC Blocks- OMLs 125, 134, 151 & OPL 245 (Now PML 102 & 103) – Property Damage, Operator’s Extra Expense, and Third-Party Liability.
* Naira Denominated Policies – Group Life Assurance, Group Personal Accident Insurance, Motor Insurance, Combined All Risk Insurance and House Ownership Insurance.
PROJECT DELIVERY SCHEDULE
The schedule requirement is to have a contract in place by Q4 2026. The Call for Tender will detail the provisions necessary for the Service. Contract duration is estimated at five (5) years firm with the option to extend annually for an additional period of up to two (2) years, subject to satisfactory performance.
3. CONDITION FOR SELECTION
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 Insurance Business.
2. Must have valid registration with Nigerian Upstream Petroleum Regulatory Commission (NUPRC), expiring not earlier than 31st December 2026.
3. Have a net asset of not less than N10billion and N15billion for Life and Non-Life (General) Insurance Business respectively.
4. Have acquired relevant experience in Oil and Gas insurance business.
5. Have adequate and qualified staff with experience in Oil and Gas insurance business.
6. Must be in good standing as regards prompt settlement of all claims reported to date.
7. Have good re-insurance strategy, including use of A-rated re-insurance companies.
8. Have business relationship with competent Insurance Broker(s) with good reputation and experience in Oil and Gas Insurance business.
9. Must have obtained tax clearance certificate for the past three years (2023, 2024 & 2025).
10. Must have current certificate of compliance from PENCOM.
11. Must have current certificate of compliance from ITF.
12. Must have current certificate of Group Life for its employees.
4. MANDATORY REQUIREMENTS
* To be eligible for this tender exercise, interested suppliers are required to be pre-qualified and have a “LIVE” subscription status in the relevant NJQS service/product Group under the Life and/or Non-Life Categories (3.14.05 and/or 3.14.07) by the CFT advert closing date. All successfully pre-qualified suppliers in these categories will receive an invitation to submit their Technical Tender (ITT) for the services.
* To determine if you are pre-qualified and view the product/services category you are listed for: visit https://vms.nipex.ng/login and access NJQS with your log in details. Click on ‘Subscription’ tab on the left-hand side of the dashboard to view your status and, click “Product Code” tab to view registered product codes.
* If you are not listed under the product/service category mentioned above but you have registered with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to do business in the Nigerian Oil & Gas Industry in those areas, please contact the NipeX administration office at Post Square Towers (Building B), 1, Ologun Agbaje Street Off Adeola Odeku Street, Victoria Island, Lagos, Nigeria with your NUPRC (formally DPR) certificate as evidence for verification and necessary update.
* To initiate the NJQS pre-qualification process, access http://www.nipex-ng.com, click on the Registration tab, and select NipeX SAP Ariba Vendor Registration.
* To be eligible, all tenders must comply with the Nigerian content requirements in the NipeX system.
* Only Nigerian indigenous service companies having verifiable Nigerian equity shareholding of 51% and above shall submit bids for this tender.