Tag: Heirs Energies

  • We ‘ll consolidate growth in 2026, says Heirs Energies

    We ‘ll consolidate growth in 2026, says Heirs Energies

    Chief Executive Officer, Heirs Energies Limited, Osa Igiehon has said the company would consolidate on its strong growth momentum this year, after closing 2025 on a high note of major deals.

    In his review and preview, Igiehon said the company closed 2025 on two defining milestones that position it firmly for the future.

    Heirs Energies had executed a $750 million financing transaction with Afreximbank and also completed the acquisition of the 20.07 per cent equity stake in Seplat Energy Plc, all in December 2025.

    Igiehon said the Seplat’s stake, previously held by Maurel & Prom S.A was a strategic portfolio investment that deepened indigenous participation in critical energy assets and reinforces Heirs Energies’ confidence in Africa’s ability to own, develop, and responsibly manage its resources.

     He said: “As we look ahead to 2026, our priorities are clear. We will build on the foundations laid in 2025, protect asset integrity, deepen partnerships, and continue delivering reliable energy with the highest standards of safety, governance, and stakeholder responsibility”.

    According to him, 2025 was a year that demanded discipline and clarity of execution across the energy industry with market volatility, operational complexity, and heightened stakeholder expectations testing resilience and systems.

    Read Also: Nigeria ready to trade under AfCFTA preferential terms — Oduwole

    “At Heirs Energies, we remained firmly anchored on fundamentals. We prioritised safety, executed with discipline, and stayed focused on protecting long-term value.”

    “Safety remained our first priority throughout the year. We sustained an exceptional safety performance, recording 1,780 LTI-free days and over 9 million LTI-free manhours, reflecting a deeply embedded safety culture across our operations and the shared responsibility of our workforce.

    “Operationally, the year demonstrated the strength of our brownfield strategy and technical capability. Through targeted interventions and innovative execution, we restored production from long-inactive assets, achieved peak gas production of 135 MMscf per day, and doubled gas supply to key power customers, contributing meaningfully to domestic power generation and economic activity.

    “Financial performance was resilient despite a challenging price environment. Heirs Energies recorded a 10 per cent year-on-year increase in revenue, met all obligations to lenders, sustained full cost recovery, and maintained a unit operating cost significantly below industry benchmarks. These outcomes reflect our continued focus on efficiency, capital discipline, and sustainable cash generation.

    “Beyond operational and financial outcomes, stakeholder alignment remained central to our approach. Through deliberate engagement and collaboration, we recorded zero production deferment arising from community issues, reinforcing our belief that sustainable operations are built on trust, partnership, and shared value,” Igiehon said.

  • NNPC/Heirs Energies boost domestic gas supply with 135 MMscf/d

    NNPC/Heirs Energies boost domestic gas supply with 135 MMscf/d

    Gas supply received a boost in the country as the NNPC/Heirs Energies OML 17 Joint Venture (JV) announced an additional 135 million standard cubic feet per day (MMscf/d), to the basket, thus further strengthening the nation’s energy security.

    The feat, achieved after a rigless recompletion of a key non-associated gas well in OML 17, is said to be a pioneering intervention of such regarded as the first of its kind in the country, doubled the JV’s gas output.

    Prior to this development, the Well from which the new increase accrued, had previously been shut in due to excessive water production. Rather than drilling a new well or undertaking a conventional workover, Heirs Energies engineered a rigless through-tubing recompletion into an untapped reservoir interval. Completed safely, in record time, and at just 15 per cent of the cost of drilling a new Well, the operation sets a new standard for rigless solutions in Nigeria’s upstream sector.

    A statement signed by the Head Corporate Communications, Heirs Energies, Chidimma Ugbojiaku, a copy of which was made available to The Nation, explained that this significant production increase has transformed power generation across the eastern network.

    Read Also: NACCIMA seeks stronger Nigeria-China collaboration

    For instance, it explained that Transcorp PLC – TransAfam Power, has quadrupled its output, rising from an average of 50 megawatts to more than 180 megawatts, with peaks of 200 megawatts. It further disclosed that other power plants also supplied by the network, including First Independent Power Limited (FIPL) and Geometric Power, have also recorded more stable operations and higher generation.

    “In total, the power plants now receiving gas from the Joint Venture have seen combined output surge from around 100 megawatts to more than 350 megawatts. This increased power generation provides enough energy to power hundreds of thousands of homes and businesses – reducing blackouts, supporting hospitals, and schools, and keeping factories, small enterprises, and critical infrastructure running,” the statement read in part.

    Commending the feat, the Special Adviser to the President on Energy, Mrs Olu Verheijen, hailed the feat. “I congratulate the entire Heirs Energies team on this remarkable achievement, which is a testament to the strength of Nigerian engineering expertise and the value of persistent technical innovation. Please be assured of my continued support as you expand your operation across the energy sector, unlocking additional oil and gas resources to power homes, industries and commercial activities nationwide,” Mrs. Verheijen, remarked in a message to Heirs Energies CEO, Osa Igiehon,

    According to Igiehon, “the milestone is another testament to Heirs Energies’ leading capabilities in managing brownfields. The ingenuity, thoroughness, and resilience of our 100 per cent Nigerian workforce made this possible. We remain committed to supporting Nigeria’s gas-to-power agenda through innovation-led, responsible, and performance-driven upstream operations.”

    Executive Vice President, Upstream, NNPC Ltd, Udy Ntia, said: “This innovative intervention demonstrates NNPC’s strong commitment to unlocking the nation’s gas resources in support of national development. The performance of the NNPC/Heirs Energies OML 17 Joint Venture shows the power of partnership, disciplined execution, and innovation in driving substantial value for Nigeria.”

    In similar vein, the Chief Upstream Investment Officer, NUIMS, Seyi Omotowa, an engineer, added: “This project reflects NUIMS’ strategic focus on safe, efficient, and value-driven upstream operations. It is a model for the type of innovative solutions required to optimise Nigeria’s hydrocarbon assets.”

    The NNPC/Heirs Energies OML 17 Joint Venture continues to advance gas-focused, innovation-driven developments, aiming to expand domestic gas supply, strengthen electricity generation, build local capacity, and support broader economic and industrial growth. This latest success reinforces the JV’s commitment to delivering energy that powers homes, industries, and national prosperity

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals. Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads in the evolving energy landscape and contributes to a more prosperous Africa.

  • Transcorp group’s partnership with Elumelu’s Heirs Energies boosts power generation

    Transcorp group’s partnership with Elumelu’s Heirs Energies boosts power generation

    A consistent and increased supply of gas from Tony Elumelu’s Heirs Energies is directly enabling improved power generation at Transcorp Group’s power subsidiaries–Transcorp Power Plc and Transafam Power Limited–solidifying the Group’s capacity to deliver enhanced value.

    Dr Owen Omogiafo, President and Group Chief Executive Officer of Transcorp, confirmed the pivotal role of Heirs Energies at the conglomerate’s Investor and Analyst Conference held on Tuesday, to discuss the Group’s impressive Q3 2025 results. 

    During the conference, she stated Transcorp Power and Transafam Power will remain focused on increasing generating capacity in the fourth quarter, with the former, Transcorp Power, targeting “750 megawatts of available capacity.”

    “The average for the year will be 620 when you average from January to December 31. Of that 620, we target to generate 528 megawatts on average, with a peak generation of 590. As of Q3, we’re already at 424, and we are on track to achieve what we set out to do,” she highlighted.

    “For Trans-Afam, we have successfully relocated four turbines from Afam to Ughelli, and we are finalising all the electrical connections. They’ve all been successfully tied to the grid, and one continues to operate, but we’re going to conclude the remaining three. And this week, push on with that generation.”

    Read Also: Transcorp Group records 39 percent revenue growth in Q3 2025

    In the mix is the provider of the critical gas to power the turbines, Heirs Energies. Dr Owen said, “Heirs Energies has improved their gas, having brought back to life a gas well which is now providing supplies to the turbines that we have left in Afam as well as Ughelli”.

    This assured gas supply from Heirs Energies has empowered Transcorp Group’s two power subsidiaries to set ambitious generation targets for the remainder of the year. Transcorp Power is targeting 750 megawatts of available capacity by year-end, while Transafam Power is targeting 378 megawatts. This enhanced operational capacity positions Transcorp Group to contribute more significantly to the national grid and create sustained value for its shareholders.

    The Group recorded a 39% year-on-year increase in revenue, rising from ₦297.7 billion in Q3 2024 to ₦413.4 billion in Q3 2025. Profit Before Tax (PBT) grew by 18%, closing at ₦124.5 billion, compared to ₦105.5 billion in the same period last year. 

    Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa. 

    Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain through its investments in OPL281. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination and Nigeria’s largest event venue, the Transcorp Centre Abuja.

  • Heirs Energies, world body plan to transform literacy in Rivers

    Heirs Energies, world body plan to transform literacy in Rivers

    In commemoration of World Literacy Day 2025, Heirs Energies Ltd., Africa’s leading indigenous integrated energy company, and the World Literacy Foundation (WLF), a global non-profit dedicated to eradicating illiteracy, have announced the launch of the Sun Books Literacy Initiative in Rivers State.

    The initiative will directly benefit more than 500 pupils at Central State Primary School, Omuohia-Igwuruta, and Umuebulu Primary School, Umuebulu, both located within Heirs Energies’ OML 17 host communities.

    Pupils will receive solar-powered Sun Books tablets, preloaded with culturally relevant, curriculum-aligned literacy content and interactive learning modules. Solar panels will also be installed in the schools to ensure uninterrupted power for the devices and classrooms, creating sustainable access to education in resource-limited environments.

    Globally, more than 770 million people still lack basic literacy skills, with millions of African children facing barriers to education daily. In Nigeria, UNESCO estimates that one in three children cannot read or write at the expected level by age 10, with rural areas and girls most severely affected.

    Read Also: Tinubu orders further crash in food prices

    The Sun Books programme is designed to address these structural gaps by providing offline-first digital learning tools that work in low-infrastructure settings. Teachers in participating schools will also receive hands-on training to integrate digital literacy into classroom instruction, ensuring continuity of learning and stronger long-term outcomes.

    Originally piloted in Uganda, Sun Books has already reached over 17,000 children, trained more than 280 teachers, and supported over 48,000 families across Nigeria, Kenya, Uganda, and South Africa.

    Osa Igiehon, CEO of Heirs Energies, reaffirmed the company’s long-term vision for community empowerment:

     “As an integrated energy company, we know that renewable and sustainable energy must serve a greater purpose — building stronger, more resilient communities. Our investment in literacy is an investment in the next generation of leaders, innovators, and problem-solvers. This initiative reflects our Africapitalism philosophy – creating social good while delivering economic value. With Sun Books, we are empowering children to dream beyond their circumstances and equipping teachers with tools to make learning engaging and inclusive.”

    Mr. Andrew Kay, CEO of the World Literacy Foundation, underscored the global significance of the collaboration:

     “This partnership with Heirs Energies demonstrates the power of cross-sector collaboration. By combining renewable energy and digital learning, we are providing children with the opportunity to learn, grow, and succeed – regardless of geography or circumstance. Together, we are closing the literacy gap in underserved communities and preparing the next generation for the digital economy.”

    Adding the community perspective, His Royal Majesty, Dr. Samuel Amaechi, Chairman of the Board of Trustees, OML 17 Host Communities Development Trust (HCDT) Board of Trustees, said:

     “This initiative shows what is possible when companies listen to their host communities and act in partnership. Education is the greatest legacy we can give our children. With the Sun Books programme, our schools now have the tools to prepare them for the future. We thank Heirs Energies and the World Literacy Foundation for investing in our children and in the long-term prosperity of our communities.”

    The Sun Books Literacy Initiative serves as the launchpad for Heirs Energies’ Power Schools Initiative, which aims to deploy clean energy and digital infrastructure across schools in its host communities.

    This milestone also aligns with the UN Sustainable Development Goals (SDG 4: Quality Education and SDG 7: Affordable and Clean Energy), reinforcing both organisations’ shared commitment to building inclusive, sustainable, and knowledge-driven societies.

  • Heirs Energies strengthens Africa’s Energy Voice, says Igiehon

    Heirs Energies strengthens Africa’s Energy Voice, says Igiehon

    Heirs Energies, an integrated energy company, has reiterated its commitment to energy sufficiency for Africa at the U.S.–Africa Energy Forum and the Namibia International Oil & Gas Conference 2025.

    At both forums, Heirs Energies showcased its strategy of responsibly harnessing Africa’s vast natural resources to deliver energy security, drive industrialisation, and create long-term shared prosperity.

    At the USAEF in Houston, Texas, the CEO of Heirs Energies, Osa Igiehon joined global energy leaders and policymakers in high-level sessions examining the future of energy partnerships between the U.S. and Africa.

    Speaking on Heirs Energies’ vision, Igiehon emphasised that: “Africa must define its energy future by leveraging both its abundant hydrocarbons and renewable resources. At Heirs Energies, we are committed to making energy sufficiency a reality for millions, while ensuring that sustainability, innovation, and local capacity building remain at the heart of our growth story.”

    The forum provided a platform to strengthen dialogue with U.S. investors, technology providers, and government agencies on financing and innovation to accelerate Africa’s energy independence.

    Following USAEF, the firm extended its strategic engagement to Namibia, one of Africa’s most exciting frontier markets for oil and gas.

    Read Also: Heirs Energies CEO to speak at Namibia oil and gas conference

    He participated in a high-profile panel session alongside international and regional operators, sharing perspectives on building responsible and inclusive energy industries across Africa.

    On Namibia’s future, Igiehon noted: “This visit marks the beginning of a long-term engagement, with many more interactions to come as we explore opportunities to contribute meaningfully to Namibia’s energy story.”

    He said that Heirs Energies is not just as Nigerian operator, but a pan-African energy company committed to delivering energy solutions that balance commercial viability with societal impact.

    Both engagements reflected Heirs Energies’ anchoring philosophy of Africapitalism, championed by its Founder and Group Chairman, Tony Elumelu, who’s philosophy asserts that the private sector must drive Africa’s development by investing in strategic sectors that create both economic prosperity and social wealth

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals.  Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads in the evolving energy landscape and contribute to a more prosperous Africa.

  • HEIRS Energies CEO to advocate Africa’s energy sufficiency at USAEF

    HEIRS Energies CEO to advocate Africa’s energy sufficiency at USAEF

    Heirs Energies, Africa’s largest indigenous-owned integrated energy company, has announced that its Chief Executive Officer, Osa Igiehon, will represent the company at the 2025 U.S.-Africa Energy Forum (USAEF), taking place on August 6–7, 2025, at the Post Oak Hotel in Houston, Texas.

    The Forum will bring together U.S. and African policymakers, financiers, and private sector leaders to discuss investment, innovation, and partnerships shaping Africa’s evolving energy landscape.

    Igiehon will deliver an Executive Insight and participate in the Explorers Town Hall session, sharing Heirs Energies’ perspective on how Africa can unlock its full energy potential responsibly and sustainably.

    The firm’s participation will spotlight its bold agenda of driving Africa’s transition from energy deficiency to energy sufficiency. With operations spanning across the Oil and Gas value chain, the company is investing in infrastructure and innovation to deliver reliable energy for homes, industries, and communities.

    “At Heirs Energies, we believe Africa’s exploration future will be written in two stories: frontier plays waiting to be unlocked, and brownfield excellence – the careful stewardship of fields that have been producing for decades. Our focus is to show that African-owned companies can responsibly manage these assets, apply world-class standards, and deliver shared prosperity,” Igiehon said.

    Underpinning this approach is the Africapitalism philosophy of Heirs Holdings, Heirs Energies’ parent company – the belief that the private sector must lead Africa’s development by investing for both economic and social returns.

    At the Forum, Heirs Energies will demonstrate how this principle translates into tangible action: responsible brownfield management, gas monetisation, and partnerships that empower local capacity while attracting global collaboration.

    Read Also: Heirs Energies, Renaissance commit to oil, gas devt.

    The company is also advancing gas commercialisation efforts, supplying gas to three power plants in Eastern Nigeria, while steadily building the infrastructure to further support Nigeria’s electrification drive.

    “Every molecule must count – not just for production, but for powering homes, fueling industry, and setting a benchmark for what indigenous operators can achieve,” Igiehon added.

    The U.S.-Africa Energy Forum will focus on creating an enabling environment for investment across hydrocarbons, gas, and renewables. Heirs Energies’ participation signals its commitment to partnerships that can deliver energy security for Africa while aligning with global sustainability goals

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals.   Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads in the evolving energy landscape and contributes to a more prosperous Africa.

  • Heirs Energies champions pan-African solutions at energy confab

    Heirs Energies champions pan-African solutions at energy confab

    The Chief Executive Officer, Heirs Energies, Osayande Igiehon, yesterday reiterated the firm’s commitment to continually contribute to the country’s oil production output.

    This commitment, he noted, ensured that within three months of acquiring OML 17 by the firm from its previous operator in 2021 doubled production from 25,000 barrels per day to over 50,000 barrels.

    Igiehon, who spoke on African energy leadership at the inaugural Congo Energy & Investment Forum held at the Kintele Congress Center, Brazzaville, last week, noted that the same approach it adopted can help African countries like Congo to maximise production from its mature fields.

    He spoke on the: “Energy & Investment Outlook” and “Field Development Drive: Towards 500,000 Barrels Per Day.”

    “Today, we consistently sustain this growth, aiming to surpass 100,000 barrels per day – something previously unachieved on this block. The same approaches can help Congo maximise production from its mature fields,” he said.

    Read Also: Breeds of chickens and egg prices across the globe

    At his presentations, Igiehon highlighted the company’s successful doubling of gas production to 80-100 million scf per day, which he noted directly supports Nigeria’s domestic power generation and industrial sectors.

    He emphasised Heirs Energies’ Brownfield Excellence approach as a blueprint for rapid production growth that could be replicated across Congo’s mature energy assets to help reach the nation’s production goals.

    Osa also underscored the importance of Africapitalism – the philosophy pioneered by Heirs Holdings Chairman Tony Elumelu – as a guiding principle for energy development that creates shared prosperity.

    “Driven by our Chairman, Tony Elumelu’s philosophy of Africapitalism, we lead with private sector solutions that create shared prosperity and improve lives across Africa. This is the spirit of the Heirs Holdings Group.

    “This approach is exemplified by the Tony Elumelu Foundation, which recently committed $15 million to fund 3,000 entrepreneurs across all 52 African countries. Since launching with a $100 million commitment in 2015, the Foundation has now empowered over 24,000 entrepreneurs – more than double its initial target – catalysing job creation and economic development continent-wide.”

    “We believe in partnerships built on shared destiny, where success benefits all stakeholders. Africa-to-Africa collaboration must be enhanced to address our common challenges of energy poverty and economic development,” he noted.

    Igiehon also highlighted Heirs Energies’ operational excellence and turnaround expertise: “We are specialists in revitalizing mature assets across multiple sectors – from hospitality, exemplified by the Transcorp Hilton Abuja, to significant contributions in power generation and distribution, driving efficiency and sustainable value creation.”

  • HEIRS Energies charts path to boost Nigeria’s oil production growth

    HEIRS Energies charts path to boost Nigeria’s oil production growth

    Eggheads and industry stakeholders will today converge on the Transcorp Hilton, Abuja, to chart a pathway for increased production in the country’s crude oil production.

    The Leadership forum, themed “Nigeria’s Oil Production Growth Roadmap- Acceleration Imperatives,”  is convened by the Chairman of Heirs Energies, Tony Elumelu.

    According to the organisers, speakers at the event will include the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri; Chief Commission Executive, NUPRC, Gbenga Komolafe; Chairman, OPEC Board of Governors/CEO of First E&P, Adewale Adeyemo-Bero and CEO, Seplat Energy Plc, Roger Brown.

    The CEO, Heirs Energies , Osayande Igiehon , explained that with Nigeria targeting oil production of 2.1 million barrels per day (bpd) in 2025 and 2.7 million bpd by 2027, the discussion will address critical industry challenges while exploring opportunities for innovation and local industry leadership. Besides, he noted that the increasing role of Nigerian Independent Companies (NICs) in the sector will be a focal point, particularly as asset ownership transitions from International Oil Companies (IOCs) to local operators.

    Read Also: HEIRS energies seeks increased oil production

    “Nigeria’s energy future cannot wait. Through bold collaboration, we can transform challenges into opportunities – ramping up production, attracting investment, and powering sustainable development,” Igiehon said.

    The forum will begin with a cocktail reception at 5:30 pm, will be followed by the panel discussion at 6:00pm, and conclude with an exclusive networking dinner. Heirs Energies continues to champion operational excellence, innovation, and local capacity development in Africa’s energy sector, driving energy sufficiency and economic transformation across the continent.

  • HEIRS energies seeks increased oil production

    HEIRS energies seeks increased oil production

    Chairman of Heirs Energies and the Convener of the 2025 Heirs Energies Leadership Forum: Industry Leaders Discourse (ILD), Tony O. Elumelu will bring together government decision-makers, global energy CEOs, and sector pioneers, in Abuja.

    This high-level gathering aimed at forging actionable strategies for accelerating Nigeria’s oil production growth.

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals. 

    The forum, themed “Nigeria’s Oil Production Growth Roadmap – Acceleration Imperatives,” will feature distinguished speakers including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Commission Chief Executive, NUPRC, Engr. Gbenga Komolafe, Chairman, OPEC Board of Governors and CEO of First E&P, Adewale Adeyemo-Bero, and CEO of Seplat Energy Plc. Roger Brown. The session will be moderated by the CEO of Heirs Energies, Osayande Igiehon.

    Read Also: Police inherited 13-year backlog of unsettled insurance claims, says IG Egbetokun

    With Nigeria targeting oil production of 2.1 million barrels per day (bpd) by 2025 and 2.7 million bpd by 2027, the discussion will address critical industry challenges while exploring opportunities for innovation and local industry leadership.

    The increasing role of Nigerian Independent Companies (NICs) in the sector will be a focal point, particularly as asset ownership transitions from International Oil Companies (IOCs) to local operators, “Nigeria’s energy future cannot wait,” said Igiehon.

    “Through bold collaboration, we can transform challenges into opportunities – ramping up production, attracting investment, and powering sustainable development”, he added.

    The forum will begin with a cocktail reception followed by a panel discussion, and conclude with an exclusive networking dinner..

    Heirs Energies continues to champion operational excellence, innovation, and local capacity development in Africa’s energy sector, driving energy sufficiency and economic transformation across the continent.

    Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads in the evolving energy landscape and contributes to a more prosperous Africa.

  • Heirs Energies bags award

    Heirs Energies bags award

    Heirs Energies, an indigenous integrated energy company, has been awarded “Independent Company of the Year” at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) 2025. The award recognises companies that have demonstrated exceptional operational efficiency, innovation, and impact in Africa’s energy development.

    This recognition highlights Heirs Energies’ commitment to operational excellence, innovation, and production growth, reinforcing its position as a leader in Africa’s energy sector.

    Speaking on the award, CEO of Heirs Energies, Osayande Igiehon, reaffirmed that this achievement serves as an impetus for more progress. He emphasised that challenges in the sector are not obstacles but opportunities for innovation, collaboration, and bold execution. He further reiterated the company’s commitment to optimising production and ensuring that every molecule of energy contributes to Africa’s economic and industrial growth.

    This milestone, he further said, also reflects the strong partnerships Heirs Energies has built with regulators, JV partners, host communities, and government agencies, insisting that the firm remains dedicated to sharing its expertise in brownfield engineering, and by extension, contributing to the growth of the broader industry.

    Read Also: Heirs Energies CEO Igiehon to speak at African Energy Week 2024

    For instance, four years ago, the company took over OML 17 with a clear mission to transform a brownfield asset into a model of efficiency and growth. Since then, Heirs Energies has doubled hydrocarbon production to over 60,000 barrels per day, reactivated more than 60 wells, and increased terminal delivery rates from three per cent to 90 per cent, significantly enhancing operational efficiency. The company has also expanded domestic gas supply, fueling industries, power plants, and communities, solidifying its role in Nigeria’s energy security agenda

    Industry experts said that the recognition cements Heirs Energies’ position as a transformational force in the industry, driving production growth, operational excellence, sustainability, and energy sufficiency for Africa’s future.

    Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals.