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NIGERIAN AGIP OIL COMPANY
About us
THE COMPANY.

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Nigeria Agip Oil Company (AGIP) is owned by the ENI GROUP.

It was incorporated as a limited liability company on May 17, 1989, to harness Nigeria's vast natural gas resources and produce Oil & Gas for export.

Idu Oil & Gas Transport

The company has a wholly owned subsidiary, Idu Oil & Gas Limited (IOGT), which provides shipping services for the AGIP.

IOGT was established on December 10, 1989.

Mission StatementTo produce and export OIL&GAS EXPLORATION &PRODUCTION safely, reliably and profitably, and to grow the business to its full potential, helping to maximize the value of Nigeria's gas reserves.

Our Vision:To be a world class OIL&GAS company helping to build a better Nigeria.

MANAGEMENT PROFILE.

Managing Director: Chris Haynes

Deputy Managing Director: Shehu Ladan

General Manager Production: Brian Buckley

General Manager Human Resources: Beverly Mokwe

General Manager Commercial: Jean-Pierre Cave

General Manager Finance: Daniel Amachree

General Manager External Relations: Siene Allwell-Brown

General Manager IOGT Shipping Services: Temilola Okesanjo

Personnel Manager:John Ogbanga.

OUR PEOPLE

Nigeria AGIP employees are made up of secondees and direct staff working to achieve the Company's corporate objective through a set of Shared Values.

The secondees occupy the positions zoned to the shareholders while the non-zoned positions are occupied by direct staff of AGIP recruited after a rigorous exercise to ensure that the best are employed. All vacancies are advertised for in Nigerian national newspapers and the company's Web Site. Employment and appointments by the company are on merit and based on educational qualification, relevant work experience and competence.

The Shareholders appoint representatives on the Nigeria AGIP Board to make decisions on their behalf. To execute the decisions of the Board however is a Senior Management Team (SMT) whose membership comprises the Managing Director (Executive Director), Deputy Managing Director (Executive Director) and five General Managers. Supporting the SMT are managers and over 500 quality staff.

Shared Values of AGIP

Honesty and Integrity
Stretch and Performance
Health, Safety and Environment (HSE)
Discipline and Professionalism
Commercial Orientation
Partnering with Host Communities
Teamwork, Trust and Mutual Respect

Our Policies

Sustainable Development
Smoking Policy
Alcohol and Drug Policy
HSE Commitment and Policy
HIV/AIDS Policy.

SHAREHOLDERS

Nigerian National Petroleum Corporation (NNPC) The Nigerian National Petroleum Corporation (NNPC) was established in 1977 under the laws of the Federal Republic of Nigeria. It is the corporate entity through which the Nigerian government participates in the oil and gas industry. NNPC and its subsidiaries dominate all sectors of the industry from exploration and production to refining, pipelines, marketing, crude / product exports and petrochemicals.

NNPC owns 10.4% of the shares in Nigeria LNG Limited.

Shell Gas B.V. (SGBV)Shell Gas B.V. (SGBV) is a company incorporated under the laws of The Netherlands. In addition to its interest in Nigeria AGIP, Shell Gas and Power also has interests in many of the world's major AGIP production companies including those in Brunei, Malaysia, Australia and Oman. It sells over 80 billion cubic metres of gas annually.
SGBV owns 25.6% of the shares in Nigeria AGIP.
Total LNG Nigeria Limited ,Total is a major integrated oil and gas company active in all aspects of the petroleum industry.
The company explores in 25 countries and has reported proven reserves of 3,639 million barrels of oil equivalent to 492 million tonnes. Of this quantity, crude oil accounts for 71% and natural gas, 29%.
Following the merger of the Totalfina group and the Elf Acquitaine group, Cleag, the parent company, was renamed Total.
Total owns 15% of the shares in Nigeria AGIP .

ENI International (N.A.) NV ENI is a fully integrated oil and gas company engaged in all aspects of the petroleum business. ENI is involved in exploration, development and production of oil and natural gas. It has an estimated reserve of 1.7 billion barrels of oil and 164 billion cubic metres of natural gas.
ENI owns 49% of Nigeria AGIP Limited.

MILESTONES

 

Date

Events

Feb' 9, 2004

Inauguration of The Nigeria Prize for Literature, The Nigeria Prize for Science, (worth $20,000 each), and The AGIP Charity Ball.

Jun' 25, 2003

First Shipment of LPG from AGIP Plant, IDU

Feb', 2003

Start-up of the LPG Facility

Dec' 21, 2003

Signing of the $1.6 billion loan for AGIPPlus

Dec' 17, 2002

First O/G Shipment from Train 3, three months ahead of schedule

Nov' 28, 2002

Commencement of O/G production from 3rd Train

Nov' 7, 2002

Train 3 Plant Ready for Start Up

Mar' 22, 2002

EPC Contract Award to TSKJ for Trains 4 & 5

Mar' 20, 2002

Final Investment decision (FID) for Trains 4 and 5

Oct' 1, 2001

Commencement of Contract Year

Sept' 30, 2001

End of Build Up Period

Sept' 18, 2001

Signed Memorandum of Understanding for Micro Credit Scheme

Feb' 4, 2001

Export of 100th Cargo

Sept' 21, 2000

Plant Commissioning Ceremony

Aug' 5, 2000

Export of 50th Cargo

May 25, 2000

Export of first spot cargo

Apr' 4, 2000

Export of First Condensate Cargo

Mar' 29, 2000

Loading of Initial Supply Period (ISP)

Oct' 9, 1999

Export of First Cargo

Sept' 15, 1999

Commencement of Production

Aug' 1999

Train Two Plant Ready for Start-up

Feb' 1999

Final Investment Decision by Shareholders for Third Train

Sept' 1998

Completion of Gas Transmission System (GTS)

Jan' 1996

Commencement of Plant Construction

Nov' 1995

Final Investment Decision (FID) by Shareholders for base project

May 17, 1989

Incorporation of Nigeria AGIP

SCAM ALERT.

It has come to our attention that some individuals are contacting people via e-mail and or publications in the internet claiming to be recruitment agents of Nigeria AGIP and or using the names of our employees in bogus, fictitious and imaginary transactions, to solicit for financial details, advance fees or other favours in exchange for which they purport to confer non-existent benefits (funds, employment, contracts etc) in Nigeria AGIP.


These e-mails/publications are usually sent from someone posing as the Company's attorney or claiming to be a person occupying an influential position in the oil and gas sector of the economy. The sender of the mail would request the target to co-operate with them with the aim of benefiting from a stated business transaction or getting a job in Nigeria AGIP.

Nigeria AGIP disassociates itself from such mails/publications and hereby warn the general public that these are scams designed to defraud unsuspecting individuals / corporate organizations. You are strongly advised NOT to communicate or disclose any of your financial details or send any money to these individuals.You may also contact us for verification.

Any mails that do not come from any of our recruitment companies authorised by the AGIP as included in our website for recruitment with the projects as carried out by the AGIP with the Nigerian Government as AGIP Nigeria shall not be responsible for any losses incurred by any person(s) as a result of such mails / publications.

NIGERIAN CONTENT

NIGERIAN CONTENT

Nigerianisation

On September 1, 1997, AGIP and its shareholders agreed on a Nigerianisation scheme. The agreement was , updated in 2004. Its ultimate objective is to Nigerianise the company's workforce by 2013.
The company has adopted the bottom up approach to the implementation of the Nigerianisation Scheme.
Consequently, young OND/HND graduates have been recruited and are being trained as technicians and operators while young graduate engineers have also been employed. This is a deliberate policy predicated on the need to enable the relatively young minds imbibe the culture of work, discipline and professionalism that the business requires.
To this end, the AGIP Project has mounted a significant process of staff training and development for different cadres of technical staff, so that they can acquire the requisite skills and competence for the management, supervisory and operational positions throughout the company.
Significant progress has been made with the employment of Nigerians in various officer and management cadres within the corporate and production organizations.

Nigerian Content

The company considers Nigerian content an important feature of all its activities projects, production and shipping. In line with this, all AGIP projects are required to have an approved Nigerian Content Plan as a condition precedent to Final Investment Decision (FID).
The Board of Directors of Nigeria O/G Limited has also set up a sub committee on Nigerian Content to monitor the company's performance on Nigerian Content.
These initiatives have improved the use of Nigerian materials and services in all company activities. Nigerian Content surveys have been conducted in Nigerian cities to identify those organizations that are capable of providing requisite services.
Nigeria O/G Limited has subsequently worked with:

Kable Metal Nigeria Limited to upgrade its facilities to produce even better cables

Dorman Long Limited to improve its Quality Assurance & Control Measures which resulted in better steel tanks

Enchemp Limited to convert from obsolete asbestos to metal gaskets.

Nigerian Foundries to produce top class gratings and manhole covers

Free Zone Plant Fabrication International with installation of new facilities for vessels & steel structures.

Today, these companies are world-class players.

AGIP AND THE NIGERIAN ECONOMY

The Nigeria O/G project is considered one of the most important economic projects being carried out by the Federal Republic of Nigeria. The project is a vital part of the Federal Government's diversification programme and is expected to generate revenues and foreign exchange for the nation.
Overall, the major sub-contractors employed about 18,000 Nigerians in technical jobs in the base project. These jobs attracted about 500 expatriates and third country nationals who played mainly supervisory role during the base project. These Nigerians, with enhanced skills of their trades will be entering the Nigerian industry. This is one of the veritable routes of technology acquisition through the project into the Nigerian economy. The Third Train expansion project will employ about 7000 personnel at its peak.
The greatest impact of the project has been on the host communities of Bonny Island particularly in the areas of housing, catering and transportation. These sectors enjoyed a boom as a result of close to 90 million Naira that entered the economy monthly during the construction phase. In addition, a number of service industries were attracted to the Island notable among which were catering, Joint Venture Companies in the area of equipment and spare parts manufacturing. The considerable financial transaction could be witnessed by the number of banks that were attracted to the Island. One of the banks hit a record of four corporate and 30 individual customers within the first two weeks despite the requirement of 20,000 Naira (USD20,000) minimum deposit for current account and 10,000 Naira (USD 10,000) minimum deposit for savings accounts. This is a feat unmatched anywhere within the country.

OPERATIONS AND STRATEGIES.

Base ProjectIn November 1995, a Final Investment Decision (FID) was signed by the Shareholders to build a Liquefied Natural Gas Plant in Finima, Bonny Island in Rivers State.
In December 1995, a consortium of engineering firms comprising Technip, Snamprogetti, M.V. Kellog and Japan Gas Corporation (TSKJ) was awarded a turnkey Engineering, Procurement and Construction (EPC) contract for the construction of the Plant, the Gas Transmission System and the Residential Area.
Construction on the plant site commenced in February 1996 and by August 1999, one of the two trains - Train 2 - was completed.
On August 12 of that same year, the plant was ready for start-up, and production of O/G commenced on September 15.
The second train of the Base Project, Train 1, came on stream on February 27, 2000. Train 3 came on stream in November, 2002.

Shipping In 1990, AGIP raised a third party loan of US$132 Million through Citibank to purchase four ships for the base projects. The ships, which were built for another company but unutilised, were refurbished and put into interim business until the plant began operations.

Train 3Following Third Train expansion, three vessels were acquired by IDU OIL GAS Transport (IOGT). Their construction was partly funded with third party financing, viz:

O/G Rivers and O/G SokotoThese two ships were both financed with a $160 Million syndicated loan which was signed on December 20, 1999. Credit Suisse First Boston was the lead arranger for this facility for which repayment started in 2002 folowing the delivery of the second vessel.

The third external debt in connection with the BGT fleet was the loan inherited from the acquisition of two Lachmar ships (O/G Edo and O/G Abuja) from AGIP on August 1, 2001, when the outstanding debt stood at US$210 Million. The loan is serviced monthly in accordance with the agreed repayment profile. The final loan is due June 30, 2007.

On September 27, 2001, another syndicated bank loan for US$ 100 Million was arranged to assist with the construction of O/G Bayelsa. Again, CreditSuisse First Boston played the lead role. The vessel was delivered in February 2003, and the debt is being serviced.

The Base Project started with seven ships with cargo capacity (100%) of between 121,952 and 132, 588 cubic metres used for transporting O/G from Bonny Island to buyers in Europe and the United States of America. Six of the vessels are owned by AGIP through its wholly-owned subsidiary, Idu Oil/ Gas Transport Limited (IOGT). The seventh, O/G DELTA, is chartered on a long-term basis from Shell Bermuda Overseas Limited, with an option to buy.Three additional ships were built for the third train. All the 10 vessels are now used to deliver cargoes to AGIP customers.

Cost and FinancingThe Base Project (Trains 1 and 2) which cost about $3.6 billion, was financed by AGIPs shareholders (NNPC, Shell, Total LNG Nigeria Limited and ENI International).

 

 


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