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Awarded · ResultStage · contract

Department for International Trade

UKEF Technical Advisor

Engineering & ArchitectureCPV 71000000 71600000 71620000 76000000 79000000
Value£105k
Awarded22 Jul 2021
Published20 Sept 2021
RegionUK-wide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£105ktotal contract value
median £95k
this tender£0£2.0m

This sits in the upper-middle of the Engineering & Architecture band — a substantial contract for the sector. Based on 33,646 valued Engineering & Architecture tenders in our corpus.

The brief

Department for International Trade (DIT), on behalf of UK Export Finance (UKEF), with the technical and commercial support it requires fulfilling its obligations under the finance documents with Vitol Upstream Ghana Ltd and others in respect to the secured development financing of Offshore Cape Three Points located offshore Ghana ("the Project").

Technical support will include monitoring and reporting in respect to reservoir performance and operating performance.

Commercial support will include monitoring and reporting in respect to the performance of key contracts and markets to which the project is exposed.

The project comprised all that is involved in the drilling completion and tie back of multiple wells to a new Floating Production Storage and Offloading vessel that was constructed in 2017.

All the activities under the original scope of works have been successfully completed.

Oil production started in August 2017 and Gas production from the Sankofa field in the (OCTP) Integrated Oil and Gas Project started at the end of June 2018.

The TA will be provided with full access to project information available to the lenders, and will be required to highlight and advise UKEF of all material matters in relation to the Project but in particular it will advise in respect to Completion, Annual Redeterminations and, at UKEF's direction, Material Waivers.

The TA is required to deliver its reports to comply with the decision-making timeline as set out in the Financial Agreements.

The TA should be aware that the door-to-door tenor of the UKEF loan is 7 years with final maturity of the loan in 2028.

The TA will be expected to provide a consistent level of service throughout the loan.

Key requirements

What the supplier must deliver

01

Technical support will include monitoring and reporting

Technical support will include monitoring and reporting in respect to reservoir performance and.

02

Commercial support will include monitoring and reporting

Commercial support will include monitoring and reporting in respect to the performance of key contracts and markets to which the project is exposed.

03

Oil production started in August 2017

Oil production started in August 2017 and Gas production from the Sankofa field in the (OCTP) Integrated Oil and Gas Project started at the end of June 2018.

04

Required to highlight and advise UKEF

required to highlight and advise UKEF of all material matters in relation to the Project but in particular it will advise in respect to Completion, Annual Redeterminations and, at UKEF's direction, Material Waivers.

05

The TA is required to deliver its

The TA is required to deliver its reports to comply with the decision-making timeline as set out in the Financial Agreements.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
7088ba3f-bec4-45e3-8213-9adc482eacbf
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_271854/998786
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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