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First Hydrocarbon Nigeria Buys 45 Percent Stake In Oml 26 - Business - Nairaland

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First Hydrocarbon Nigeria Buys 45 Percent Stake In Oml 26 by ybase2: 3:25pm On Dec 02, 2011
First Hydrocarbon Nigeria (FHN), which is partly owned by oil company Afren, confirmed on Thursday the purchase of a 45 percent stake in Nigerian oil block OML 26 for $147.5 million from Shell, Total and Eni.

FHN, a Nigerian firm set up by Afren, First City Monument Bank (FCMB) and Guaranty Trust Bank, to purchase local energy assets, said OML 26 was producing 6,000 barrels of oil per day and this would increase to 40,000 bpd within four years.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/12/02/first-hydrocarbon-nigeria-buys-45-percent-stake-in-oml-26/

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