Nigeria: NAPIMS cause IOCs to slash ongoing contracts by 40%

*Foreign contractors leave Nigeria in droves Hector Igbikiowubo 01 March 2016, Sweetcrude, Lagos — The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigeria National Petroleum Corporation, NNPC, has directed international oil companies operating in the country to slash cost on ongoing contracts with services providers by 40 percent, disrupting upstream operations in-country. […] More »