OML 26 license contains several oil and gas discoveries including three producing fields on the western part (Ogini, Isoko and Ozoro), and two discovered / appraised fields (Aboh to the East and Ovo in the central area) that are in the process of maturation towards first production.
FHN is committed to achieving the best possible risk-adjusted returns for its stakeholders, and is dedicated to limiting the Company’s impact on the environment in terms of energy usage, waste generation and management, pollution control, good utilisation of resources, and its mitigation of various risks that could harm the environment.
Corporate governance is a fundamental part of FHN’s practice to promote fairness, accountability, and transparency in our responsibilities to stakeholders. We recognise the importance of good corporate governance practices in enabling us achieve our goals, control risks, and assure compliance.
FHN is engaged in the exploration, development, and production of oil and natural gas across Nigeria’s resource-rich basins in the Niger Delta
The Company is building a balanced portfolio with an emphasis on existing discoveries that offer low-cost, high-impact reserve growth, and delivering these in a way that is both profitable and responsible. We aim to create measurable and sustainable value for all our stakeholders.
How we create value
Our approach leverages our core competencies, experience, and relationships to sustainably create value for our stakeholders
Highly experienced, competent, motivated management team and work force
Innovative, decentralised, and flexible organisational structure
Effective HSES and risk management
Disciplined approach to capital structure with ability to raise financing across the E&P cycle, and effective use of funds
Good corporate governance
Strong relationships with host communities
Value for our stakeholders
Compelling return on invested capital
Training and development Remuneration
Economic empowerment Healthcare Technical Skill Acquisition Program (TSAP) Micro Credit Scheme for Women
Royalty and tax revenue Foreign exchange earnings Infrastructure development
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