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It is my joy and privilege to welcome you to the year 2010 and also to the first edition in the year of your interesting and educative Magazine – NAPIMS NEWS.

I know you will not agree any less that the In house Magazine has gained a wide coverage and huge acceptance… all these, we owe to your support. Thank you very much. In this edition, we bring you highlights of The Nigerian Oil & Gas Conference 2010 where the Acting President Goodluck Jonathan declared that the decision to transform NNPC into a profitable business concern is irreversible.

This year’s Conference marked the 10th anniversary of this very key industry event. The NNPC is steadily pursuing its transformation agenda, key to the transformation is finding lasting solutions to the challenges of the Downstream Sector of the Oil and Gas Industry. This was addressed at a recent Downstream/Midstream Stakeholder’s Forum held in Lagos. Deep water operations have become the succor in the industry in terms of reserve additions and production.

The USAN Field Project is steadily making progress and first oil is targeted for 1st Quarter of 2011. Here, we bring you highlights of the FPSO Hull launch held in South Korea. On 10th December, 2009 the GMD of Nigerian National Petroleum Corporation (NNPC) and the Chief Executive Officers (CEOs) of International/ Indigenous oil firms signed the NipeX Memorandum of Understanding (MoU) at the NNPC Towers, Abuja.

The signing ceremony was an expression of the readiness to adopt electronic contracting in the upstream sector of the nation’s oil and gas industry. These and many more await you in this edition as you read on. Please relax and enjoy it even as we await your contributions for the next edition.