19 December 2011, Sweetcrude, ABUJA – First Hydrocarbon Nigeria Limited (FHN), which recently completed a 45 per cent equity acquisition stake in Nigeria’s OML 26 from the Shell Petroleum Development Company of Nigeria (SPDC) joint venture, has announced the appointment of Femi Bajomo as Chief Operating Officer.
Bajomo also joins the Executive Committee of the Board of Directors of the company and will be responsible for FHN’s technical and operational teams, as well as the interface with joint venture partners, the Ministry of Petroleum Resources and other governmental entities aswell as with Afren, FHN’s technical services provider.
Bajomo joins FHN from Afren Plc where he was a Regional Director for the last 15 months. He has over 30 years of experience in oil and gas operations, business development, portfolio management, contract negotiations and asset management.
Between 2005 and 2010 he was a Vice President for BG Group with responsibilities for commercial, business development and venture management for upstream licences, midstream opportunities and LNG development for their Nigerian assets.
From October 1980 to August 2005, he worked for the Shell Group, with 16 years in Nigeria and 9 years in various international locations in Africa, London and the Netherlands. He was the Managing Director of Shell Exploration and Production, Namibia and Namibia Country Chairman between 1999 and 2003.
Between 1994 and 1996 he was the Chief Petroleum Engineer responsible for managing the hydrocarbon resource base of 12 producing and 8 non-producing fields, with oil reserves of some 1100 mmbbls and production of 150,000 barrels of oil per day in the Western Division of Shell Nigeria in Warri, where OML 26 is located.
As a result, he has a deep understanding of OML 26 which will be invaluable as FHN seeks to rapidly develop the field alongside its partner.
FHN was established in 2009 with the objective of increasing indigenous involvement in the upstream sector of the oil and gas industry through the acquisition and development of substantial oil and gas assets in Nigeria, including the reactivation and enhanced production of fallow assets currently held by the major international oil companies.