3 项资产OML 11 · OML 18 · Border field
4 个阶段Staged roadmap · 分阶段推进
2 条销售渠道Domestic & export · 内销与出口
01致函与目的 Purpose
| English | 中文 |
|---|---|
| To: Paragon Holdings Limited | 致：帕拉贡控股有限公司 |
| From: [Consortium Sponsor], on behalf of the Chinese consortium described in Section 4 | 发出方：[联合体发起方]，代表第四节所述中方联合体 |
| We propose to form a long-term partnership with your company to develop oil and gas assets in Nigeria. Your company brings local resources, infrastructure and standing; the Chinese consortium brings capital, drilling capacity, technology and access to export markets. Together we aim to restore and grow production, create local value and deliver a fair, lasting return to all parties. | 我们希望与贵司建立长期合作，共同开发尼日利亚油气资产。贵司拥有当地资源、基础设施和影响力；中方联合体提供资金、钻完井能力、技术和出口市场渠道。双方共同恢复并提升产量，为当地创造价值，并为各方带来公平、长期的回报。 |
| The proposal supports the Federal Government's target of 3 million barrels per day by 2030 and the national programme to restore shut-in production. | 本方案契合联邦政府 2030 年日产 300 万桶的目标，以及恢复停产产能的国家计划。 |
| This document is a basis for discussion. It is confidential and creates no binding obligation, except as later agreed in writing. | 本文件供讨论使用，属保密文件，除日后书面约定外，不产生约束性义务。 |
02合作资产 Assets in Scope
| English | 中文 |
|---|---|
| OML 11: staged redevelopment in cooperation with NNPC, beginning with priority fields and the associated energy and community programme. | 11 号油田（OML 11）： 与 NNPC 合作分阶段再开发，从优先油田起步，同步推进配套能源和社区计划。 |
| OML 18: support for production growth through well work-overs, production enhancement and gas utilisation, in cooperation with the operator and the joint venture partners. | 18 号油田（OML 18）： 与作业者和联合作业各方合作，通过修井、增产和天然气利用，支持产量增长。 |
| Border field: to be added once the block, current holders and available interest are confirmed. | 边境油田： 在确认区块、现有持有人和可合作权益后纳入。 |
| Each asset will be handled under its own agreements and approvals, so that progress on one asset does not depend on another. | 每项资产单独签约、单独审批，一项资产的进展不受另一项资产的影响。 |
03合作原则 Guiding Principles
| English | 中文 |
|---|---|
| Lawful and approved: all arrangements will comply with the Petroleum Industry Act 2021, the Nigerian Oil and Gas Industry Content Development Act 2010 and other applicable law, and will obtain the required consents of NNPC, NUPRC and the Minister. | 依法并取得批准： 全部安排遵守《2021 年石油工业法》《2010 年尼日利亚油气行业本地成分发展法》及其他适用法律，并取得 NNPC、NUPRC 和部长的必要同意。 |
| Value for contribution: each party's interest reflects what it contributes, valued independently and recorded in the shareholders' agreement. | 按贡献取得权益： 各方权益与其实际贡献对应，经独立评估作价，并写入股东协议。 |
| Investment recovered first: after operating costs, royalties and taxes, production revenue first repays the investment, then is shared by interest. | 先回收投资： 收入扣除运营费用、矿区使用费和税费后，先回收投资，再按权益比例分配。 |
| Transparency: independent metering, audited accounts and bank-based payments, so that international lenders and investors can participate. | 公开透明： 独立计量、经审计的账目、全部款项经银行支付，便于国际银行和投资人参与。 |
| Long-term partnership: a stable structure that continues across business cycles and changes in circumstances. | 长期合作： 架构稳定，不因市场周期和外部情况变化而动摇。 |
04联合体架构 Consortium Structure
| English | 中文 |
|---|---|
| Nigerian joint venture company: owned by your company and the Chinese consortium's offshore holding company. It acquires interests or enters service and financing agreements for each asset, and is the counterparty to NNPC. | 尼日利亚合资公司： 由贵司与中方联合体的境外控股公司共同持有。它就每项资产取得权益，或签订服务和融资协议，是与 NNPC 签约的主体。 |
| Offshore holding company (Hong Kong or Singapore): holds the Chinese parties' interests and receives investment from the dedicated fund. | 境外控股公司（香港或新加坡）： 持有中方各方的权益，并接受专项基金的投资。 |
| Operations company: carries out drilling, work-overs and production, with technical services from the consortium's drilling partner. | 作业公司： 负责钻井、修井和生产，由联合体的钻完井合作方提供技术服务。 |
| Sales: domestic crude supply is handled locally to meet domestic supply requirements; export sales are handled by the consortium's offshore marketing company at market prices, with proceeds paid into an escrow account. | 销售： 当地销售负责满足国内供应要求；出口由联合体的境外销售公司按市场价格负责，货款进入托管账户。 |
| The partners' respective interests in the joint venture will be agreed after valuation of each party's contribution. | 双方在合资公司中的权益比例，在对各方贡献作价后商定。 |
05双方分工 Roles of the Parties
| English | 中文 |
|---|---|
| Your company: land, port, free trade zone and logistics facilities; local financing relationships; Nigerian content and local registration; stakeholder and community engagement; support for permits and site access through lawful channels. | 贵司： 土地、港口、自贸区和物流设施；当地融资渠道；本地成分和本地注册；利益相关方和社区沟通；通过合法渠道支持许可办理和现场准入。 |
| Drilling and technical partner: drilling rigs already operating in Nigeria, well completion and work-over services, field technical management. | 钻完井与技术合作方： 已在尼日利亚作业的钻机，完井和修井服务，油田技术管理。 |
| Capital partners: a dedicated fund to provide equity for acquisitions and development, plus project finance and trader pre-payment as production grows. | 资金方： 专项基金为收购和开发提供股本资金；产量增长后，再引入项目融资和贸易商预付。 |
| Technology partner: digital field management, production data and reporting systems. | 科技合作方： 油田数字化管理、生产数据和报告系统。 |
| Marketing: crude offtake by refiners in Asia and Europe, shipping and price risk management. | 销售方： 对接亚洲和欧洲炼厂承购，组织船运，管理价格风险。 |
06商业安排 Commercial Arrangements
| English | 中文 |
|---|---|
| Acquisition payments: where an interest is acquired from NNPC, part of the price is paid at completion and the balance from production, on terms agreed with NNPC. | 收购价款： 如向 NNPC 收购权益，部分价款在交割时支付，余款从产量收入中支付，具体条款与 NNPC 商定。 |
| Distribution order: (1) operating costs, royalties and taxes; (2) balance of acquisition price; (3) recovery of investment with an agreed return; (4) remaining profit shared by interest. | 分配顺序： （1）运营费用、矿区使用费和税费；（2）收购价款余款；（3）回收投资和约定回报；（4）剩余利润按权益比例分配。 |
| Services at market prices: services provided by any party are priced at market rates and approved by the board. | 服务按市场价： 任何一方提供的服务按市场价格计价，并经董事会批准。 |
| Other business: the parties may cooperate separately on port, free trade zone, real estate and crude trading opportunities, under their own agreements. | 其他业务： 双方可另行合作港口、自贸区、房地产和原油贸易等机会，分别签订协议。 |
07治理与合规 Governance and Compliance
| English | 中文 |
|---|---|
| Board: seats in proportion to interests; budgets, financing, related-party transactions and major contracts require approval of both parties. | 董事会： 席位按权益比例分配；预算、融资、关联交易和重大合同须经双方同意。 |
| Metering and audit: calibrated fiscal metering, data shared with NUPRC and the partners, annual independent audit and reporting to NEITI as required. | 计量与审计： 财政计量设备经标定，数据同步提供给 NUPRC 和各合作方；每年独立审计，并按要求向 NEITI 报告。 |
| Know-your-customer: each party provides its shareholders and ultimate beneficial owners, as required by international banks and investors; Nigerian counsel confirms that the arrangements comply with Nigerian law. | 身份核查： 各方按国际银行和投资人的要求，提供股东和最终受益人资料；由尼日利亚律师确认合作安排符合当地法律。 |
| Integrity: all payments are made through bank accounts against proper documents; the parties comply with anti-corruption, anti-money laundering and sanctions laws. | 廉洁： 全部款项凭合法单据经银行账户支付；各方遵守反腐败、反洗钱和制裁法律。 |
| Disputes: arbitration in Singapore or Hong Kong, with stabilisation provisions to protect the investment. | 争议： 在新加坡或香港仲裁，并约定稳定条款保护投资。 |
08推进步骤 Roadmap
| English | 中文 |
|---|---|
| Stage 1 (0–60 days): confidentiality agreement and memorandum of understanding; exchange of company information and asset documents; appointment of legal counsel. | 第一阶段（0—60 天）： 签署保密协议和合作备忘录；交换公司资料和资产文件；聘请法律顾问。 |
| Stage 2 (2–6 months): technical and legal due diligence; valuation of contributions; term sheets with NNPC and other interest holders; joint venture shareholders' agreement. | 第二阶段（2—6 个月）： 技术和法律尽调；各方贡献作价；与 NNPC 及其他权益方商定条款书；签署合资公司股东协议。 |
| Stage 3: regulatory approvals; fund closing and first payments; start of work on the first asset. | 第三阶段： 取得监管批准；基金募集到位并支付首期款项；启动第一项资产的作业。 |
| Stage 4: expansion to further assets and longer-term offtake and financing arrangements. | 第四阶段： 扩展到更多资产，签订更长期的承购和融资安排。 |
09请贵司提供的资料 Information Requested
| English | 中文 |
|---|---|
| Full name, registration documents, shareholders and ultimate beneficial owners of your company. | 贵司全称、注册文件、股东和最终受益人资料。 |
| Description of the assets and facilities your company proposes to contribute (land, port, free trade zone, others). | 贵司拟投入的资产和设施说明（土地、港口、自贸区等）。 |
| Any documents from NNPC or other holders concerning the assets in Section 2. | 与第二节所列资产相关的 NNPC 或其他权益方文件。 |
| Your company's preferred structure and timetable. | 贵司对合作架构和时间安排的意见。 |
10下一步 Next Steps
| English | 中文 |
|---|---|
| We suggest a meeting to discuss this proposal, followed by signing of a confidentiality agreement and memorandum of understanding. We look forward to building a successful partnership with your company. | 建议双方近期会面讨论本方案，随后签署保密协议和合作备忘录。期待与贵司携手，把合作做成。 |
附件整体架构设计 Annex: Overall Structure
A1 架构图 Structure Chart
A2 主体与职能 Entities and Functions
| English | 中文 |
|---|---|
| Dedicated Fund: managed by a licensed fund manager; provides equity to the offshore holding company in stages, against agreed milestones. | 专项基金： 由持牌基金管理人管理；按约定里程碑分期向境外控股公司投入股本资金。 |
| Drilling and Technical Partner: shareholder of the offshore holding company; provides rigs, well services and technical management to the operations company under service contracts at market prices. | 钻完井与技术合作方： 境外控股公司股东；按市场价格签订服务合同，向作业公司提供钻机、井下作业和技术管理。 |
| Technology Partner: shareholder of the offshore holding company; provides digital field management, production data and reporting systems. | 科技合作方： 境外控股公司股东；提供油田数字化管理、生产数据和报告系统。 |
| Zhixinduo (China operating company): manages China-side matters for the project, including investor relations, procurement and export of equipment, and outbound investment filings. | 智信多（国内运营主体）： 负责项目在中国境内的事务，包括投资人联络、设备采购与出口、境外投资备案。 |
| Offshore Holding Company (Hong Kong or Singapore): holds the Chinese parties' interest in the joint venture; raises equity and arranges international financing. | 境外控股公司（香港或新加坡）： 持有中方各方在合资公司中的权益；负责股本募集和国际融资安排。 |
| Nigerian Partner Company (Paragon Holdings Limited): shareholder of the joint venture; contributes land, port, free trade zone and logistics facilities, local financing and Nigerian content. | 尼方合作公司（帕拉贡控股有限公司）： 合资公司股东；投入土地、港口、自贸区和物流设施、当地融资和本地成分。 |
| Nigerian Joint Venture Company: holds interests or contract rights in each asset; counterparty to NNPC and other interest holders; owns or contracts the operations company. | 尼日利亚合资公司： 持有各项资产的权益或合同权利；是与 NNPC 及其他权益方签约的主体；设立或委托作业公司。 |
| Operations Company: drilling, work-overs, production, HSE, community and local procurement, within the approvals of NUPRC and the asset agreements. | 作业公司： 在 NUPRC 批准和资产协议范围内，负责钻井、修井、生产、安全环保、社区和本地采购。 |
| Domestic Sales: supplies Nigerian refineries and meets domestic supply requirements; local revenue first covers local operating costs. | 当地销售： 向尼日利亚炼厂供油，满足国内供应要求；当地收入优先用于当地运营支出。 |
| Offshore Marketing Company: sells export crude to refiners and traders at market-based prices; arranges shipping and hedging. | 境外销售公司： 按市场价格向炼厂和贸易商出口销售原油；安排船运和套期保值。 |
| Escrow Account: receives export proceeds and pays out in the agreed order, under the control of the account bank. | 境外托管账户： 接收出口货款，由托管银行按约定顺序拨付。 |
A3 三条流向 Three Flows
| English | 中文 |
|---|---|
| Interests: fund and partners → offshore holding company → Nigerian joint venture (together with the Nigerian partner) → asset interests or contract rights, held alongside NNPC and other interest holders. | 权益流： 基金和各合作方 → 境外控股公司 → 尼日利亚合资公司（与尼方合作公司共同持有）→ 资产权益或合同权利，与 NNPC 及其他权益方共同持有。 |
| Crude: fields → fiscal metering point → domestic sales to Nigerian refineries, or export through the terminal by the offshore marketing company. | 原油流： 油田 → 财政计量点 → 当地销售给尼日利亚炼厂，或由境外销售公司经终端出口。 |
| Cash: investment flows down in stages against milestones; export proceeds flow into the escrow account and are distributed in the agreed order; every payment is made by bank transfer. | 资金流： 投资按里程碑分期向下拨付；出口货款进入托管账户，按约定顺序分配；全部款项经银行转账。 |
A4 资金分配顺序 Distribution Order
- 01Costs, royalties & taxes运营费用、矿费和税费
- 02Balance of acquisition price收购价款余款
- 03Investment recovery & return回收投资和约定回报
- 04Profit shared by interest剩余利润按权益分配
| English | 中文 |
|---|---|
| Debt service is paid before investment recovery if project finance or trader pre-payment is raised. The agreed return and the sharing ratios will be set in the shareholders' agreement. | 如引入项目融资或贸易商预付，债务本息在投资回收之前支付。约定回报和分配比例在股东协议中确定。 |
A5 各项资产的进入方式 Entry Route by Asset
| English | 中文 |
|---|---|
| OML 11: staged redevelopment agreement with NNPC, or acquisition of an interest with part of the price paid from production; priority fields first. | 11 号油田： 与 NNPC 签订分阶段再开发协议，或收购部分权益、部分价款从产量中支付；优先油田先行。 |
| OML 18: service and financing agreement for work-overs, production enhancement and gas utilisation with the operator and joint venture partners; an equity interest may follow by agreement of the interest holders. | 18 号油田： 与作业者和联合作业各方签订修井、增产和天然气利用的服务与融资协议；经权益各方同意后，可再取得股权。 |
| Border field: route to be decided once the block and current holders are confirmed, either by agreement with the holders or through a licensing round. | 边境油田： 确认区块和现有持有人后确定进入方式，可与持有人协商，也可参加招标轮次。 |
A6 治理架构 Governance
| English | 中文 |
|---|---|
| Joint venture board: seats in proportion to interests; reserved matters (budget, financing, related-party transactions, major contracts, transfers of interest) require approval of both parties. | 合资公司董事会： 席位按权益比例分配；保留事项（预算、融资、关联交易、重大合同、权益转让）须经双方同意。 |
| Technical committee: reviews drilling programmes, production forecasts and work-over plans; chaired by the drilling and technical partner. | 技术委员会： 审议钻井方案、产量预测和修井计划；由钻完井与技术合作方担任主席。 |
| Audit and compliance committee: oversees metering, audit, cost recovery, know-your-customer and integrity matters; includes an independent member. | 审计与合规委员会： 监督计量、审计、成本回收、身份核查和廉洁事项；设一名独立成员。 |
| Community and stakeholder committee: coordinates host community agreements, local employment and stakeholder relations; chaired by the Nigerian partner. | 社区与利益相关方委员会： 统筹东道社区协议、本地用工和利益相关方关系；由尼方合作公司担任主席。 |