NNPC Limited Shops For Lead Insurance Company For Oil Assets, Liabilities

The Nigerian National Petroleum Company Limited is shopping for lead insurance company for its oil assets and liabilities for the 2024/2025 period.

The national oil company said this in a notice posted on X (formerly Twitter) inviting insurance companies to show interest in the bid.

In the post, the NNPC Limited said the contract for the insurance of it’s oil assets and liabilities would be awarded to the successful bidder(s) for a period of 12 months.

According to the post, there would be a Consolidated Insurance Policy to include insurance of energy assets such as production platforms, oil wells, refineries, depots, pumping stations, jetties, terminals, gas metering stations, vessels, power plants, buildings among others owned, controlled or operated by NNPC Limited.