Afren was established to build largely through acquisition a group specialising in the oil and gas sector in Africa with a particular emphasis on the exploration development and production of oil and gas fields.
Afren directors appointed to First Hydrocarbon Nigeria board
Afren’s (LON:AFR) told investors that Adebayo Ayorinde, the managing director of the Afren Nigeria subsidiary, has been appointed to the board of its 45 percent owned associate First Hydrocarbon Nigeria (FHN).
FHN, which was established in response to the Nigerian government’s policy to increase indigenous participation in the countries oil and gas industry, is said to have strong onshore assets.
It has also appointed Afren executive director Faiz Imam to the board and hired Ahonsi Unuigbe - former budget and planning commissioner for Nigeria’s Edo State – as FHN’s chief financial officer.
"FHN have put in place a world class Nigerian management team in line with our objective to champion indigenous involvement in the sector,” FHN chief executive Constantine Ogunbiyi said.
“With a strong onshore portfolio through the acquisition of OML 26 from Shell, Total and ENI, where we will put in place a comprehensive redevelopment plan, combined with a strong pipeline of new business opportunities, we are well placed to quickly establish ourselves as a leader in the indigenous oil and gas sector."
