Remap local paths for require() in node.js

In RequireJS I am able to remap paths using a config file, e.g.:

require.config({
    paths: {
        foo: 'lib/foo/foo'
    }
})

I can then use foo like so:

require(['foo'], function(foo) {...})

In node.js I can similarly require local files, e.g:

var foo = require('../lib/foo/foo.js')

(In this example, foo.js is a file I have written that is not available via npm.)

Is it possible to remap 'foo' to '/lib/foo/foo.js' relative to some base directory in node.js so I don't have to use relative paths?