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 vision is to be a world class engineering company while its mission is to provide world class engineering services to the Oil and Gas Industry.
The main objective 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 industries.
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 Nigerians.
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 subsidiary.
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.