NETCO was established in 1989 to acquire Engineering Technology through direct
involvement in all aspects of Engineering in the Oil and Gas and non-oil sectors
of the economy. NETCO is Nigeria's premier indigenous Engineering Company with
the strategic vision of providing Basic/Detailed Engineering, Procurement,
construction Supervision and Project Management services, using state-of-the-art
Technology. It was a JV between Nigerian National Petroleum Corporation (NNPC)
and American Bechtel, Inc.
The main object was to fulfill NNPC's strategic vision of developing in-country
engineering capability which will enable Nigerians to design and build plants
and facilities for the nation's oil and gas industry, and other allied
NETCO started commercial operations in August 1990. From 1990 to 1996, NETCO
worked alongside Bechtel staff and executed more than 50 engineering projects.
These include CHEVRON's Onshore Gas Plant of the Escravos Gas Project Phase 1, a
project that involved more than 143,000 engineering manhours and is still the
most technologically advanced engineering effort ever undertaken in Nigeria by
The NNPC/Bechtel joint venture lasted until April 30, 1997 when Bechtel
exercised its options under the Shareholders' Agreement and formally withdrew.
NNPC purchased Bechtel's shares, thereby making NETCO a wholly- owned NNPC
Since the exit of Bechtel, NETCO has executed many significant projects and was
awarded the prestigious ISO 9001 Quality Certificate in May 2000 by Bureau
Veritas Quality International (BVQI). This achievement is the first by any
indigenous engineering company in Nigeria.
The Quality Policy of NETCO is to satisfy and strive to exceed customer
requirements through continuous demonstration of quality and active
participation of all employees.
- To implement and ensure continuous compliance to ISO 9001 Quality Management System.
- To provide work environment that fosters teamwork and gives job satisfaction.
- To ensure growth of the company and employees through optimum training and empowerment.
- To guide sub-contractors in achieving the desired quality.
- To remain the best indigenous engineering company, providing innovative and effective services to customers.
NETCO is committed to personal attention to work, constant technological advancement and continuous improvement. NETCO's customers are its most important assets and their needs form the core of NETCO's future development.