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NAPIMS.
| From Name: |
ulamvictor@virgilio.it |
| From Address: |
ulamvictor@virgilio.it |
| Date Received: |
04/08/2005 - 12:00:04 pm |
| Spam Score: |
12.6 |
| Category: |
Investment |
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NATIONAL PETROLEUM INVESTMENTS MANAGEMENT SERVICES
(NAPIMS) FEDERAL SECRETARIATE COMPLEX, MAITAMA SULE, ABUJA F.C.T [...]
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Date: Fri, 8 Apr 2005 18:23:46 +0200
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From: "ulamvictor@virgilio.it"
Subject: NAPIMS.
Reply-To: victormalu3@ozu.es
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NATIONAL PETROLEUM INVESTMENTS MANAGEMENT SERVICES
(NAPIMS)
FEDERAL SECRETARIATE COMPLEX,
MAITAMA SULE, ABUJA F.C.T
ATTENTION : OWNER
The Petroleum Investment Management Services (NAPIMS) in
the Exploration & Production (E&P) Directorate is the
Upstream arm of NNPC that oversees the Federation
investments in the Joint Venture Companies (JVCs),
Production Sharing Companies (PSCs) and Services Contract
Companies (SCC).NAPIMS is, therefore, set up to earn margin arising from
investments in the JVCs, PSCs and SCs with the
multinationals and also protect the nation's strategic
interests in the JVCs.
In addition, NAPIMS engages in frontier exploration
services in basins where the multinationals hesitate to
venture, like the Chad Basin.
Vision: To be a world class oil investment management
outfit.
Mission Statement: To optimize the benefits accruing to
the Federation from its investments in the Upstream Sector
of the Petroleum (Oil & Gas) Industry.
Major Strategic Roles of NAPIMS:
To maximize Petroleum Profit Tax (PPT) and guarantee a
higher Margin (Rate of Return) on Investment, through
efficient cost monitoring reduction mechanisms .
To ensure that a reserve base is maintained and reserve
addition targets are attained. These are: 30 billion
barrels by year 2002 and 40 billion barrels by year 2010 .
To ensure increased production capacity from the current
2.5 2n barrels of oil per day (bopd) to 3 million (bopd)
by year 2003 and 4 million bopd by year 2010 .
To encourage gas utilization and commercialization
To promote local content input in engineering and
construction, supplies and materials utilization through
in country technological capability .
To enhance Nigerianization in the industry and facilitate
technology transfer .
To promote maximum co operation in communities of oil and
gas producing areas as well as ensure that environmental
protection do as are strictly maintained.
As an executive director of the above named agency I am
involved in the award of major contracts to foreign
contractors.
One of the numerous contracts we awarded was to refurbish
our moribund four national refineries. However, they are
still not
working to 100% capacity utilization. This has resulted in
serious crisis in the oil industry and necessitated in the
price increases of petroleum products.
There has been mounting pressure on the Nigerian
government to probe the NNPC and its subsidiaries. As a
matter of fact the National assembly has already started
this probe exercise. To avoid the imminent shakeup, which has already
taken its toll on the former Group Managing Director of
Nigeria National Petroleum Resources, Dr. Jackson
Gaius-Obaseki, has been dismissed from office and has been
replaced by Mr. Funsho Kupo-lokun, from the aftermath of
this forgoing. I am looking for foreign investor I could
front as partner. This investor will assist us invest the
sum of US$59.5M (FIFTY NINE MILLION FIVE HUNDRED THOUSAND
UNITED STATES DOLLARS). Please if interested get back to me by email so
that I could discuss further details and modality of the
transaction with you.
I thank you.
Sincerely,
Gen. Victor Malu (RTD)
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