OFON 2 PROJECT MCA Performance July Meeting 5th August 2015 – NAPIMS, Ikoyi
Jan 19, 2016
OFON 2 PROJECT
MCA Performance July Meeting5th August 2015 – NAPIMS, Ikoyi
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OFON2 Project
OFQ Living quarter by EIFFAGE
Installed December 13
OFD5 drilling pltfby NIGERDOCK
Jacket installed May 14
OFP2 Process pltfInstalled January 14 by HHI – TECHNIP
SAIPEM
Existings revampingby PONTICELLI
OFD3 drilling pltfby NIGERDOCK
Jacket installed June14
Sealinesby SUBSEA 7
Installed April 147 EPCs with 19 interfaces
Bridges installed April 14by NIGERDOCK
FLARE OUT Achieved
15th Dec 2014
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OFON PHASE 2 – Physical Progress Excluding Drilling
Milestones: Drilling OFD1: July 2015 First Oil OFD1: November 2015 RFLO of OFD3/OFD5: October 2015 Drilling OFD5: Q1 2016
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MCA 2008 – Cost breakdown
MOD M$
COST ESTIMATED MCA2008
NNPC APPROVED CONTRACT
VAR.
EPC2 225 490 265
EPCI3 227 487 260
EPC4 173 437 264
EPCI5 155 180 25
EPCI8 116 232 116
TOTAL 930
MCA 2008 - appendix 1: TABLE TO BE USED FOR THE APPLICATION OF THE ARTICLE 4.1 (as it is mentioned in the MCA 2008):
3807 M$
NDDC associated to NNPC Contract award not yet approved (930M$ x 3% = 27.9M$).
Ofon Phase 2 – Status per Contract
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Optimised development scheme
OFQ OFP2
OFD5
OFD3
OFD1
OFP1
OFD2
1- EPCC1 (HHI - OFP2): HHI Demobilised, Discussions on remaining change orders, Contract Closure
2- EPCC2 (NIGERDOCK – OFD 3 & 5 plus Bridges): Construction of Decks (D3/D5) to continue to be completed by October 2015.
3- EPCI3 (GLOBSTAR – Sealines and Wellhead Decks install.): Early Termination of contractor. Remedial works in 3Q 2015 to be performed by another contractor. Fabrication of Spools on-going. OFD 3/5 topsides installation to bend of Q4 2015. Hook Up completion Q1 2016.
4- EPCI5 (PONTICELLI – Integration works): SOW limited to phase 2a (OFD2 gas lift by Sep-15).
5- EPCC4 (EIFAGGE – Living Quarters), EPCI8 (SAIPEM) and T&I7 (TECHNIP) close out
MCA 2008 – PERFORMANCE – NAPIMS RECOMENDATIONFOLLOW UP
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ISSUES / WAY FORWARD:
Previous Years LS / PS Recommended to TECOM but subject to OPCOM Approval / Follow-up on the sign-off.
2015 Performance recommendation is constraint due to non-approved budget. Performance recommendation is still being
based in 2014 Budget. / Approval of 2015 Initial Budget to have a clear basis in performance recommendations.
NAPIMS recommended CO $219M pending approval from NNPC / Request NAPIMS for follow-up on the approval process.
CO Review meetings to be continued for other EPC’s / TEPNG requests fair and objective assessment of the CORs
CASH CALL – PERFORMANCE – NAPIMS RECOMENDATION FOLLOW UP
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ISSUES / WAY FORWARD:
2014 Full Year Performance not yet reviewed as per new directive that Cash Call will be reviewed by various
department within NAPIMS / NAPIMS to advise date and proper channel of reviewing Cash Call.
2015 Performance jointly recommended were not accepted by Planning Division as per the new directive. /
NAPIMS to advise date and proper channel of reviewing Cash Call.
Approvals Going Foward; Provisional Sums
ISSUES / WAY FORWARD:
Some WO not yet approved by NNPC after more than a year / NNPC to advise status and if further
information is required kindly advise.