NAPIMSNAPIMS INFORMATION The National Petroleum Investment Management Services M ISSION (NAPIMS) in the Exploration and Production Directorate To enhance the benefits accruing to the of NNPC is an integral arm of the Corporation which Federation from its investments in the upstream manages Government investments in the Joint Ventures, petroleum industry through effective cost control Production Sharing Contracts and other contract & supervision of JV & PSC operations, as well as agreements in the upstream sector of the industry. opening up new frontiers. NAPIMS also markets the Federation’s accruable crude and engages in direct exploration. VISION Head Office: 8/10 Bayo Kuku Street, Ikoyi, Lagos. To become top class portfolio managers of Telephone: 01-2692281 government investment in the Oil and Gas Website: www.napims.com Upstream Sector. FROM THE Helen Nkwo
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[email protected] t is my joy and privilege to welcome you to another NAPIMS’ former GM, Planning, Mr. Victor Briggs was exciting edition of your favourite magazine – NAPIMS appointed the Managing Director of the Nigerian Petroleum INEWS. Development Company (NPDC), Benin. It is a pot pourri of the good and the bad during the second Crude Oil theft and pipelines vandalism especially in the quarter, 2012. Understandably, the tone is low, as we mourn coastal areas have become alarming and is no doubt, taking the painful death of the Chief Spokesperson of the Nigerian its toll on the economy of the nation. In a recent move to Petroleum Corporation, Dr. Levi Ajuonuma alongside three check this menace, the Honourable Minister of Petroleum other management staff of the NNPC in the ill-fated Dana Resources, Mrs Diezani Alison-Madueke convened a high plane crash which occurred on June 3, 2012.