The National Petroleum Investment Management Services (NAPIMS) is a Corporate Services Unit (CSU) in the Exploration and Production (E&P) Directorate of the NNPC charged with the responsibility of managing Nigeria Government’s investment in the Upstream sector of the Oil and Gas industry.NAPIMS manages Nigeria government’s investments in the upstream sector, to maximize return on investments through effective supervision of the JV, PSC and SC Companies. It also engages in direct exploration of the frontier basins in order to open it for investors. Its NipeX (Nigerian Petroleum Exchange) division oversees both the e-marketplace and the Joint Qualification System (JQS) for electronic procurement/contracting and registration of contractors/service providers respectively to ensure transparency in the contracting process and reduce contract approval cycles.
NAPIMS represents the Nigeria government’s equity holdings in the Joint Venture operations with Shell, 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, the organisation also supervises the mechanism of funding the Joint Venture Operations through the Cash-Call Process.For more information about this organization, please visit: http://www.napims.com