NAPIMSNational Petroleum Investment Management Services (Nigeria)
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Operators who manage to hurdle this successfully must gain the approval of NAPIMS in order to secure wages for their foreign workers.
Commenting on this event Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: "This is a fabulous example of how to work together, with the cross-border work performed by the Fred Olsen, Drydocks Shipyard, DPR, NNPC, NAPIMS and Addax Petroleum teams.
NAPIMS has the responsibility of overseeing the Federation's investments in oil and gas projects within the country.
It maintained that SCiN inked domestication deals with six Original Equipment Manufacturers (OEMs) and their indigenous partners, with approval from the Federal Government and NAPIMS, to set up assembly/ production plants in Nigeria.
NNPC has created NPDC unit, the Committee on Transfer of Operatorship and Capacity Building, to oversee these operating activities, while another sub-committee has been set up by NNPC's regulator NAPIMS to follow the legal aspects of the transfer.
While NNPC is in charge of the state assets, its NAPIMS is more involved in the day-to-day business and the DPR regulates.