National Petroleum Investment Management Services (NAPIMS) is the Corporate Services Unit (CSU) and the Exploration and Production (E&P) Directorate of the NNPC. We are charged with the responsibility of managing Nigeria Government's investment in the UpStream sector of the Oil and Gas industry.
Our objective is to enhance the margin accruing to the Nigerian Federal Government through effective supervision of the Joint Venture Companies (JVCs), Production Sharing Companies (PSCs) and Service Companies (SCs). We shall achieve our objective through adequate supervision of budgets and performance, as well as ranking of projects that give higher "returns on investment" to the Nigerian government. we also engage in direct exploration of the frontier and inland basins.
Vision:: To be a world-class portfolio manager of the Federal Government of Nigeria (FGN) investments in the Upstream Oil and Gas Sector.
Mission Statement:: To enhance the benefits accruing to the Federation from its investments in the Upstream Petroleum Industry, through effective cost control and supervision of the Joint Venture Contract (JV), Production Sharing Contract (PSC) and Service Contract (SC) Operations.
Organisational Structure:: NAPIMS is headed by a Group General Manager (GGM). who oversees the divisional General Managers (GMs) who are in charge of the Divisions, and report directly to the GGM. The GMs, in turn, oversee the departmental Managers, while the Departments are futher sub-divided into Sections that are headed by Deputy Managers who directly oversee the rest of the staff.
Division:: The Nine (9) Divisions in the NAPIMS organizational structure are Joint Venture Operations (JV), Production Sharing Operations (PS), Gas, Materials Management, Planning, Finance and Accounts, NipeX, Services and Legal.
Staffing:: We have some of the brightest brains in Nigeria,:hence, our staff cut across all professions in engineering, geosciences, economics, accounting, law, and social sciences. In order to improve our manpower development, NAPIMS consistently trains its staff so as to meet the challenges in the dynamic Oil and Gas Sector.
Our Business:: NAPIMS manages Nigeria government's investments in the Upstream Sector, to ensure a good margin in its investments through effective supervision of the JV, PSC and SC Companies, using best industry practices. we are also directly exploring the frontier basins in order to open it for investors. Our NipeX division oversees both the e-marketplace and the Joint Qualification System (JQS) for electronic procurement/contracting and registration of contractors/service providers respectively. This ensures transparency in the contracting process and reduces contract approval cycle.
Our Partners:: We represent the Nigeria government's equity holdings in the Joint Venture operations with 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. In addition, we also supervise the mechanism of funding the Joint Venture Operations through the Cash-Call Process. We have about 50 PSC Companies currently at various levels of operations. Seven of the companies that we supervise are already at production stage.
Local Content and Capacity Building:: NAPIMS is the vehicle through which the NNPC achieves its Local Content Strategy. Through effective monitoring of its contracting process and implementation, NAPIMS ensures that there is indigenization in both project award and project execution, in line with corporate strategy. We ensure 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:: As a responsible corporate citizen, NAPIMS ensures adequate returns on government investments, and adopts both 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.
Our Public Affairs Department (PAD) ensures sustainable community development, especially amongst the host communities of operations, and in Niger Delta region. Our sustainable developments cut across infrastructural development, health care, educational sponsorship, sports development and awareness campaigns.