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Our History

FHN was established in 2009 as an indigenous company to pursue upstream oil and gas opportunities in Nigeria, and to find, develop, produce, and deliver hydrocarbons in a way that is value accretive to its stakeholders. At the time, the Company was 55% owned by Nigerian institutional investors and 45% owned by Afren Plc
FHN acquired a 45% interest in OML 26 in the Niger Delta region of Nigeria, which was previously held by Shell (30%), Total (10%), and ENI (5%)
Crude oil was first exported by FHN from OML 26 in April 
The Company completed its first drilling campaign post-acquisition with five new wells drilled to further boost production in OML 26

483 Sq.Km of 3D seismic data was reprocessed

NNPC approved the formation of an Asset Management Team consisting of employees from FHN and NPDC, which operates the asset on behalf of the NPDC/FHN Joint Venture to improve operational efficiency

The current shareholders of the Company completed an acquisition of 70% of FHN from the Administrators of Afren Plc, making FHN a fully indigenous Nigerian company

FHN commissioned an alternative evacuation project to mitigate downtime risk due to Trans-Forcados Pipeline shutdown 
The Company commissioned the Lease Automatic Custody Transfer (LACT) unit and acceptance for custody transfer

FHN implemented its 24/7 field operations and set the industry standard for onshore operations

OML 26 was selected as part of the seven critical gas development projects by the Nigerian government

FHN successfully implemented an alternative evacuation project (end to end) from its land-based field via barging into a Floating Production Storage and Offloading (FPSO) unit, which helped to reduce production deferment due to perennial shutdown periods on the Trans-Forcados Pipeline

FHN completed workover on six oil wells, renewed its OML 26 license for another twenty years, and obtained ministerial consent following the completion of acquisition from Afren in 2016

The Company recorded a total of 1.95 million incident- and injury-free man hours with no fatalities and OML 26 received the NNPC Corporate HSE Audit Commendation for the second consecutive year on impressive Health, Safety and Environment (HSE) performance

FHN drilled and completed four new oil wells and two workovers

Constructed, installed, and commissioned a 2 X 20kbbl crude oil storage tank

Commissioned a debottlenecking project to upgrade our Ogini flowstation capacity by 50%. This will provide three-phase separation and infill water management