National Petroleum Investment Management Services (NAPIMS) with its Head Quarters currently located at No 8/10 Bayo Kuku Street, Ikoyi, and Lagos is a Corporate services Unit (CSU) in the Exploration and Production Directorate of NNPC. It is charged with the responsibility of managing Federal Government investment in the upstream sector of the Oil and Gas industry.
NAPIMS objective is to enhance the Margin accruing to the Federal Government through effective supervision of the Joint venture companies, Production sharing companies and Service Companies through adequate supervision of Budgets and Performance and ranking of projects that gives higher returns on investment to Federal Government. NAPIMS is also engaged in the direct exploration of the frontier and inland basins
To be a world class portfolio manager of Government Investments in the Oil and Gas sector.
To enhance the benefits accruing to the Federation from its investments in the upstream sector through effective Supervision of the Joint Venture, Production sharing and Service Companies.
NAPIMS is headed by the Group General Manager. Reporting directly to the GGM are the General Managers who oversee the Divisions. The Divisions are departmentalized and are overseen by the Managers. The Departments are subdivided into sections that are headed by Deputy Managers who directly oversee the rest of the staff.
There are nine Divisions in NAPIMS namely: Joint Venture Operations, Production Sharing Operations, Gas, Materials Management, Planning, Finance and Accounts, NipeX, Services and Legal.
Our staff cut across all professions in engineering, geosciences, economics accounting, law, and social sciences that are consistently trained to meet the challenges in the dynamic Oil Gas sector.
NAPIMS manages government investments in the upstream to ensure a good margin in its investments through effective supervision of the JV, PSC, SC Companies using best industry practices. It is also directly exploring the frontier basins to open it for investors. The e-Marketplace and the Joint Qualification System (JQS) for electronic procurement / contracting and registration of contractors/service providers respectively ensures transparency in the contracting process and reduces contract approval cycle. ( See NipeX website)
The government has equity holdings in the following Joint venture Companies;
Shell Petroleum Development Company Limited, Mobil Producing Nigeria Unlimited, Chevron Nigeria Limited, Total Exploration and Production Nigeria limited, Nigeria AGIP OIL Company limited, and Pan Ocean Oil Corporation.
NAPIMS supervises the mechanism of funding the Joint Venture Operations through the cash call process.
There are about 50 PSC Companies at various levels of operations with seven of them producing that are supervised by NAPIMS.
Local Content and Capacity Building:
NAPIMS is the vehicle through which NNPC achieves its local content strategy. Through effective monitoring of its contracting process and implementation NAPIMS ensures that there is indigenization in project award and execution in line with corporate strategy. NAPIMS ensures local content and capacity building through the domiciliation of all geological and geophysical studies, pre Front End Engineering studies as well as certain segments of engineering construction. This strategy is aimed at building Indigenous capacity as well as stimulating backward integration.
Social Responsibility / Sustainable Development:
NAPIMs as a responsible corporate citizen ensures adequate returns on government investments, and adopts global standards and best practices to ensure that operations are carried out in an environmentally conducive manner This explains why the Department of Safety, Security and Environment reports directly to the Group General Manager.
NAPIMs Public Affairs Department ensures sustainable community development especially among the host communities of operations, and in Niger Delta region. Sustainable development cuts across infrastructural development, health care, educational sponsorship, sports development and awareness campaigns.