The National Petroleum Investment Management Services company is the upstream arm of the NNPC, which oversees the government's investments in the Joint Venture producing companies, (JVC's), the Production Sharing Companies (PSC's), and the Service Contract Companies (SC's). NAPIMS also engages in exploration services in basins where the multinationals have been reluctant to venture (e. G. Chad Basin). The stated roles of NAPIMS are:
Maximise Petroleum Profit Tax (PPT) and guarantee a high rate of return through efficient cost reduction mechanisms
Ensure that a reserve base in maintained, and that reserve targets are met. Current targets are 30 billion barrels by 2002, and 40 billion barrels by 2010.
Ensure that production targets are also met-current targets are 3 million bpd by 2003, and 4 million bpd by 2010
Encourage gas utilisation and commercialisation.
Promote local content input in engineering and construction, supplies, and materials utilisation through in-country technological capability.
Increase Nigerianisation in managerial skills and technology transfer Diversify the country's revenue base in the hydrocarbon sector through development of gas initiatives
Ensure gas flare out by 2008 as agreed with the major producers.
Negotiate and manage all third party operating agreements
Maximise Petroleum Profit Tax (PPT) and guarantee a high rate of return through efficient cost reduction mechanisms
Ensure that a reserve base in maintained, and that reserve targets are met. Current targets are 30 billion barrels by 2002, and 40 billion barrels by 2010.
Ensure that production targets are also met-current targets are 3 million bpd by 2003, and 4 million bpd by 2010
Encourage gas utilisation and commercialisation.
Promote local content input in engineering and construction, supplies, and materials utilisation through in-country technological capability.
Increase Nigerianisation in managerial skills and technology transfer Diversify the country's revenue base in the hydrocarbon sector through development of gas initiatives
Ensure gas flare out by 2008 as agreed with the major producers.
Negotiate and manage all third party operating agreements
| Company Name | NATIONAL PETROLEUM INVESTMENT MANAGEMENT SERVICES ( NAPIMS ) |
|---|---|
| Business Type | Trading Company |
| Main Products | Crude oil, petroleum, fuel oil |
| Total No. Employees | 101 - 200 People |
| Legal Owner | Barr Edward Mark |
| Year Established | 1977 |
| Total Annual Sales Volume | US$5 Million - US$10 Million |
| City | Portharcourt |
| Province/State | River State |
| Country/Region | Nigeria |
| Contact Person | Mr. MR ADEWALE TINUBU |
| Telephone | 2*************4 View all, please login |
| Mobile | 2***********9 View all, please login |
| Fax | 234-806-773-2560 |
| Street Address | Elema Petrochemicals Portharcourt Nigeria |
| Zip Code | 234 |
| sell123 URL | http://www.sell123.org/company/Nigeria/1013959.htm |
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