Joint Venture Contractors (JVCs)

NAPIMS represents the equity holdings of the Federal Government of Nigeria in the Joint Venture operations with many Joint Venture Contractors (JVCs). We also supervise the mechanism of funding the Joint Venture Operations through the Cash-Call Process.

Consequently, we enhance the benefits accruing to the Federation from its investments in the Upstream Petroleum Industry, through effective cost control and supervision of the Joint Venture Contract (JVC) operations. Our current Joint Venture Contracts are:

Joint Venture Contractors:​

NAPIMS represents the equity holdings of the Federal Government of Nigeria in the Joint Venture Operations with the Joint Venture Partners. We also supervise the mechanism of funding the Joint Venture Operations through the Cash-Call Process.

Consequently, we enhance the benefits accruing to the Federation from its investments in the Upstream Petroleum Industry, through effective cost control and supervision of the Joint Venture Operations. Our current Joint Venture Partners are:

1.         Shell Production & Development Company (SPDC) – NNPC 55% / SHELL 30% / ELF        10% / AGIP 5%.

2.         Mobil Producing Nigeria Unlimited (MPNU) – NNPC 60% / MPN 40%

3.         Pan Ocean Oil Corporation Nigeria (POOCN) – NNPC 60% / POOCN 40%

4.         Chevron Nigeria Ltd (CNL) – NNPC 60% / CNL 40%

5.         Nigeria Agip Oil Company (NAOC) – NNPC 60% / NAOC 20% / OANDO 20%

6.         Total Exploration & Production Nigeria (TEPNG) – NNPC 60% / TEPNG 40%

7.         First Exploration & Production Ltd (FEPL) – NNPC 60% / FEPL 40%

8.         West African Exploration & Production (WAEP) – NNPC 55% / WAEP 45%

9.         Seplat Petroleum Development Company Plc (SEPLAT) – NNPC 60% / SEPLAT 40%

10.       Nigeria Petroleum Development Company (NPDC) –

11.       Amni International Petroleum Development Company Ltd (Amni) – NNPC 60% / AMNI 40%

12.       Newcross Exploration & Production Company Ltd (NEPL) – NNPC 55% / NEPL 45%

13.       Aiteo Eastern Exploration & Production Company Ltd (AITEO) – NNPC 55% / AITEO 45%

14.       Eroton Exploration & Production Ltd (Eroton) – NNPC 55% / EROTON 45%

15.       Belema Oil Producing Ltd (Belema) – NNPC 60% / BELEMA 40%


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