First Hydrocarbon Nigeria Announces Management Appointments


First Hydrocarbon Nigeria (“FHN”) has today announced the appointment of Adebayo Ayorinde and Faiz Imam(photo) to the FHN Board of Directors and Ahonsi Unuigbe as Chief Financial Officer. Afren plc (“Afren” or the “Company”) holds a 45 per cent. shareholding in FHN.

FHN has today announced the appointment of Faiz Imam and Adebayo Ayorinde to its Board of Directors. Ahonsi Unuigbe also joins FHN as Chief Financial Officer.


Mr Ayorinde is presently Managing Director of Afren Nigeria and has over 20 years experience in the Nigerian oil and gas industry across production and maintenance operations, oil and gas project economics, facilities engineering, management, drilling and completion engineering. He was previously Chief Operating Officer at Allied Energy Resources and has held senior board and management positions at the Nigerian indigenous company Muni Polo and Ashland Oil.

Mr Imam is presently an Executive Director for Afren Nigeria, and has 15 years experience in the oil and gas industry. Mr Imam has worked in a variety of roles, including production engineering, facilities and gas engineering and government relations. Prior to joining Afren Nigeria, Mr Imam worked at Texaco in Nigeria, where he was part of the project team working on the billion barrel Agbami field.

Mr Unuigbe was previously Budget and Planning Commissioner for Edo State. He has also served as a Special Assistant to the Minister of Finance, supporting Nigeria’s successful exit from the London club of creditors. He moved into government having held various senior positions at Citigroup , Ocean & Oil Holdings Ltd and Standard Bank. During this time he financed over US$2 billion of transactions, including trains 3, 4 and 5 of the NLNG Expansion Project. Mr Unuigbe will be responsible for the day to day management of FHN’s finance function.

Constantine Ogunbiyi, Chief Executive of FHN, commented:

“FHN have put in place a world class Nigerian management team in line with our objective to champion indigenous involvement in the sector. 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.”

Afren is an African focused independent oil and gas exploration and production company listed on the main market of the London Stock Exchange and constituent of the Financial Times Stock Exchange Index of the leading 250 UK listed companies. Afren has a portfolio of 27 assets across nine countries across the full cycle E&P value chain. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire. Afren has exploration interests in Ghana, Nigeria, Côte d’Ivoire, Congo Brazzaville, the Joint Development Zone of Nigeria – São Tomé & Príncipe, Kenya, Ethiopia, Madagascar and Seychelles.


Source:Afren, March  4, 2011; Image: FHN


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