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Naps

The National Petroleum Investment Management Services (NAPIMS) manages Nigeria's government investments in the upstream oil and gas sector. NAPIMS oversees joint ventures with international oil companies and production sharing contracts. It has several divisions that monitor activities such as joint venture operations, production sharing contracts, gas production, and frontier exploration. NAPIMS aims to manage government investments effectively through supervision of joint ventures and contracts with oil companies.

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Oyem Samuel
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60 views

Naps

The National Petroleum Investment Management Services (NAPIMS) manages Nigeria's government investments in the upstream oil and gas sector. NAPIMS oversees joint ventures with international oil companies and production sharing contracts. It has several divisions that monitor activities such as joint venture operations, production sharing contracts, gas production, and frontier exploration. NAPIMS aims to manage government investments effectively through supervision of joint ventures and contracts with oil companies.

Uploaded by

Oyem Samuel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NAPIMS

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.
The main objective of NAPIMS is to manage the federal government
investments in E&P upstream sector of the Nigerian oil and gas
industry, through effective supervision of the Joint Venture Companies
(JVCs), Production Sharing Companies (PSCs) and Service Companies
(SCs).

DIVISION OF NAPIMS AND THEIR FUNCTIONS


JOINT VENTURE OPERATIONS (JV): They manage and monitor the
petroleum sector, contracting process and implementation. This
division ensures cooperation and standard business relationship with
IOCs (oil companies and other companies) as NAPIMS engages with
these companies on specific projects. It's one of the main powerhouse
of Napims.

PRODUCTION SHARING CONTRACT (PSC): They access and engage in


Shares and production operations.it is similar to JV but in PSC the
contractor bears all exploration risks, production and development
costs in return for profit from production resulting from this.

GAS: this division manages and monitor the Gas production and
business.
FRONTIER EXPLORATION SERVICES: this division engages in direct
exploration of the frontier basins in order to open it for investors. It's
now on its own.

MATERIALS MANAGEMENT (MMD): this division manages and monitors


the company's tools and materials for effective use.

PLANNING: This Division takes charge for the planning for the activities
that takes place in the company.

FINANCE AND ACCOUNT (FAD): this division manages, control and


monitor the funds of the NAPIMS and IUC.

NIGERIAN PETROLEUM EXCHANGE (NIPEX): this division oversees both


the e-market place and the joint Qualification system. For electronic
contracting and registration of service provision. It links buyers to
sellers

SERVICES DIVISION: this division renders standard and competent


general services for the company.

LEGAL DIVISION: this division is in charge of all Legal and Law related
affairs.
JOINT VENTURES (JV) has four (4) departments:

P.E.D (Petroleum Engineering Department): This department engages,


manages and monitors the activities related to the production of
hydrocarbons which can be either crude oil or gas. It is divided into
three units

FACILITIES: this department oversees and carries out project


management. It is divided into three units: civil, mechanical and
electrical.

EXPLORATION: this department engages in the search for deposits of


hydrocarbons including petroleum and natural gas. They make sure to
provide a static description of the hydrocarbon reservoir rock. It's
divided into Geology unit and Geophysics unit .they also deal with cash
calls.

F.M.O.D (Field Monitoring Department): this department is in charge of


monitoring the field at specific time intervals.
UNITS IN P.E.D AND FUNCTIONS

DRILLING: this unit handles all drilling proposals, budgets, workovers,


drilling rig and others.

RESERVOIR: this unit deals with reservoir studies, they first confirm
that there is oil before the drillers take action

PRODUCTION: this unit oversees daily production, they oversee


completions, and workovers to either sustain or increase production

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