Objectives

The primary objective of this tender is to appoint a qualified service provider to support SANPC in identifying, evaluating, and negotiating the acquisition of oil and gas assets across upstream, midstream, and downstream sectors. The goal is to build a diversified, strategic investment portfolio aligned with national energy security, economic development, and sustainability objectives. Sub-objectives include scouting opportunities, conducting technical and commercial evaluations, developing business cases, and supporting final investment decisions (FID) and negotiations.

Scope

The scope encompasses a comprehensive, multi-stage process across two main components:

• Upstream Component:
  • Identify and present exploration, appraisal, or production opportunities.
  • Support technical evaluations, data room assessments, and develop detailed techno-commercial business cases.
  • Assist in FID preparation and asset negotiations.
• Midstream–Downstream Component:
  • Scout opportunities in pipeline infrastructure, LNG, storage, refineries, and commercial supply assets.
  • Facilitate market engagement, technical assessments, and develop investment business cases.
  • Support FID and negotiations for these assets.

Both components require phased approaches, technical and commercial evaluations, and final investment support, with the possibility of engaging in multiple projects over the contract period.

Technical Requirements

The technical proposal must include:

• Methodology: Detailed approach for scouting, evaluation, business case development, and FID support.
• Work Plan & Timelines: Execution schedule with milestones and deliverables (including Gantt chart).
• Company Profile & Experience: Demonstrated capability in oil and gas opportunity scouting, evaluation, and investment advisory, with relevant African regional experience over the past 10 years.
• Project Team: Key experts with CVs and roles (geoscientists, engineers, economists, legal advisors, etc.).
• Evaluation Criteria: Must meet minimum thresholds (e.g., 70% for technical/functionality scores).

The proposal should also detail the approach for technical tasks, data room evaluations, and risk assessments.

Skills Requirements

• Extensive experience in oil and gas exploration, appraisal, and production sectors.
• Proven expertise in upstream, midstream, and downstream project evaluation and investment advisory.
• Technical skills in geosciences, engineering, financial modeling, and regulatory assessment.
• Strong project management capabilities with the ability to deliver phased milestones on time.
• Experience in international and domestic oil and gas markets, especially within Africa.
• Ability to develop comprehensive techno-commercial business cases and negotiate final investment agreements.
• Knowledge of environmental, social, and governance (ESG) considerations relevant to oil and gas investments.

Summary

The tender seeks a multidisciplinary team with technical, commercial, and strategic expertise to support SANPC in building a robust oil and gas investment portfolio through opportunity scouting, detailed evaluations, and investment negotiations, on an as-and-when basis over a three-year period.