Category

Press-release

Heirs Energies and World Literacy Foundation Join Forces to Transform Literacy in Rivers State, Nigeria

Sun Books Literacy

Port Harcourt, Nigeria – 8 September 2025In commemoration of International 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, today announced the launch of the Sun Books Literacy Initiative in Rivers State, Nigeria.

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.

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.

About Heirs Energies

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.

About World Literacy Foundation and Sun Books

Sun Books is a pioneering EdTech initiative by the World Literacy Foundation (WLF), providing solar-powered tablets preloaded with culturally relevant, curriculum-aligned literacy content, offline-first interactive learning apps, and comprehensive teacher guides. Designed to address literacy gaps in off-grid and underserved communities, Sun Books supports children aged 4–12 in developing strong reading and learning skills, even in resource-limited settings.

World Literacy Foundation (WLF) is a global non-profit dedicated to eradicating illiteracy worldwide. Established in 2003 in Australia, WLF now operates across Africa, Latin America, the United States, and the United Kingdom, impacting over 115 million children and their families. By combining technology, community engagement, teacher development, and advocacy, the foundation works to close the literacy gap and empower communities with the knowledge and skills needed to thrive.

Heirs Energies: An African Champion

TOE and Osa

We hear a lot about African champions, African role models, African innovation and excellence. How we should demonstrate Africa’s potential. The potential we know exists.

When we founded Heirs Energies, our vision was bold, yet simple: an African integrated energy business, grounded in excellence, execution, and enterprise, that could redefine what is possible in our oil and gas industry.

Heirs Energies is delivering. From the acquisition of OML 17 in 2021, we moved with urgency and discipline. ln 100 days, we doubled production safely and responsibly; demonstrating African companies have the expertise and resilience to deliver at global standards.

Four years on, production has reached 55,000 barrels of oil per day, with a clear path higher.

African expertise and vision came together to unlock significant value from what was considered a mature asset. Through strategic investment in technology, people, and processes, we have shown that aging infrastructure can be revitalised, while upholding world-class operational standards. We call this “Brownfield Excellence”, our core competence.

We have industry-leading safety records; zero fatalities, zero serious injuries, and no Loss Time lnjury (LTl), while operating at scale in the Niger Delta.

Beyond safety, our commitment runs deep: we invest in our host communities, empower local talent, and nurture the next generation of African energy leaders.

What we have achieved in such a short time is remarkable.

But the real story lies ahead.

With the dedication of our people under the leadership of Osa lgiehon, Heirs Energies is delivering value, while meeting Africa’s unique energy needs and building an African champion.

#TOEWay

Heirs Energies Strengthens Africa’s Energy Voice at Major International Forums

Osa at USAEF

Lagos, Nigeria – 18th August 2025 – Heirs Energies, Africa’s leading indigenous-owned integrated energy company, continued to amplify its commitment to energy sufficiency for Africa with a strong presence at two landmark events: 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 industrialization, and create long-term shared prosperity.

At the USAEF in Houston, Texas, Osa Igiehon, CEO of Heirs Energies, 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, Osa Igiehon emphasized 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, Heirs Energies extended its strategic engagement to Namibia, one of Africa’s most exciting frontier markets for oil and gas. Osa 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, he 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.”

Heirs Energies’ presence underscored its role not just as a Nigerian operator, but as 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 O. Elumelu, CFR. This 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 for Africa’s Energy Sufficiency At The 2024 U.S.-Africa Energy Forum

Osa Igiehon

Lagos, Nigeria – 4th August 2025Heirs 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. Osa 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.

Heirs Energies’ participation will spotlight its bold agenda: 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,” said Osa Igiehon, CEO of Heirs Energies. “Our focus is to show that African-owned companies can responsibly manage these assets, apply world-class standards, and deliver shared prosperity.”

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 monetization, and partnerships that empower local capacity while attracting global collaboration.

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 contribute to a more prosperous Africa.

 

Heirs Energies CEO to Advocate for Africa’s Energy Sufficiency At The 2024 U.S.-Africa Energy Forum

Osa Igiehon

Lagos, Nigeria – 4th August 2025Heirs 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. Osa 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.

Heirs Energies’ participation will spotlight its bold agenda: 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,” said Osa Igiehon, CEO of Heirs Energies. “Our focus is to show that African-owned companies can responsibly manage these assets, apply world-class standards, and deliver shared prosperity.”

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 monetization, and partnerships that empower local capacity while attracting global collaboration.

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 contribute to a more prosperous Africa.

 

Heirs Energies champions Africa’s energy future with groundbreaking solutions at AEW 2024

Osa at AEW

Heirs Energies, Africa’s leading integrated energy company, delivered transformative insights and solutions at the African Energy Week (AEW) 2024 in Cape Town, South Africa. The landmark event, which convened global energy leaders from November 4-8, served as a platform for charting Africa’s path toward energy sovereignty and sustainability.

In a compelling fireside chat with Energy Intelligence, Osayande Igiehon, CEO of Heirs Energies, presented a masterclass on “Navigating Nigeria’s Energy Future,” offering groundbreaking perspectives on unlocking Africa’s vast energy potential while ensuring environmental stewardship.

“The future of African energy lies not in choosing between traditional and renewable sources, but in harmonizing both to create sustainable solutions that address our unique challenges,” Igiehon emphasized during his address.

Breakthrough achievements and strategic vision:

Revolutionary Field Management: Unveiled the proprietary Brown Field Engineering (BFE) approach, which has achieved an unprecedented 110% production increase in mature assets, setting new industry standards for field optimization

Strategic Energy Integration: Introduced an innovative “AND” strategy that seamlessly integrates hydrocarbon expertise with renewable technologies, creating a blueprint for Africa’s energy transition

Investment Leadership: Presented compelling strategies for attracting global capital, highlighting Africa’s competitive advantage in lower-carbon intensity projects and strategic gas monetization initiatives

Production Excellence: Showcased Heirs Energies’ success in doubling production at OML 17, demonstrating the company’s operational prowess and technical capabilities

During the high-profile panel on “The African Upstream: Investment Trends and Future Opportunities,” Igiehon articulated a bold vision for indigenous energy companies’ role in Africa’s energy transformation. He detailed how Heirs Energies’ integrated approach is reshaping industry standards while advancing the continent’s energy security agenda.

“Our success in revitalizing mature assets while pioneering sustainable practices proves that African companies can lead the global energy transition,” Igiehon stated. “We’re not just participating in the industry’s evolution; we’re driving it.”

Heirs Energies’ commanding presence at AEW 2024 reinforces its position as the torchbearer for Africa’s energy renaissance, skillfully balancing robust energy production with environmental stewardship. The company’s innovative approaches and strategic insights have set new benchmarks for sustainable energy development in Africa.

Heirs Energies Limited (formerly HeirsHoldings Oil & Gas 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 the evolving energy landscape and contributes to a more prosperous Africa.

Tony Elumelu to Co-Chair New Africa Summit at the 8th Edition of Saudi Arabia’s Future Investment Initiative

Tony O. Elumelu, CFR

• Elumelu and other global financial business leaders will headline the FII Opening Plenary titled “Board of Changemakers: Banking & Investment”

• Will also speak on the “Landscape of African Entrepreneurship” in a fireside chat, championing entrepreneurship, investing in youth, and highlighting the fast-growing presence of United Bank for Africa (UBA) in the Gulf

Riyadh – October 21, 2024: Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), and the Founder of The Tony Elumelu Foundation (TEF), will co-chair the New African Summit, at the upcoming eighth edition of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.

Themed “Infinite Horizons”, FII will gather some of the world’s most influential leaders, to demonstrate how investment can serve as a catalyst for a prosperous and sustainable future, pushing the boundaries of what is possible for humanity. Elumelu bring his perspective as both a business leader and catalytic philanthropist.

Africa will take centre stage, shaping the discussions at FII. Mr. Elumelu, one of the most prominent voices on Africa’s transformation agenda, will advocate for entrepreneurship and investing in youth as the means to accelerate Africa’s economic growth and development. He will draw insights from the impact and unique model of the Tony Elumelu Foundation, the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication and job creation across Africa.

On October 29, Mr. Elumelu will join other global business leaders, in the Opening Plenary panel, titled “Board of Changemakers: Banking & Investment,” to discuss whether visionary leaders create new economic systems that embrace innovation.

Demonstrating global interest in HH Group companies and the breadth of the HH investment portfolio, the Forum will see the presence of other senior Heirs Holdings executives:

• Owen Omogiafo, President and Group CEO of Transcorp Group, one of Africa’s leading, listed companies, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa, will join other global female leaders in the energy sector at the HERizon Summit to discuss how women can power sustainable supply chains.

• Osa Igiehon, CEO of Heirs Energies will share insights on energy transition and security at his session focused on powering Africa’s future through green investments. Heirs Energies has made significant impact in Nigeria, driving energy self-sufficiency, through rapid expansion in oil and gas production and building energy value chains, contributing to HH’s integrated energy strategy.

• Muyiwa Akinyemi, Deputy Managing Director, United Bank for Africa Group, will join a roundtable session, leveraging his perspective drawn from his career with Africa’s Global Bank. UBA Group’s presence in the GCC is pivotal in fostering stronger economic ties between Africa and the Gulf, reflecting a commitment to cross-border investment and sustainable growth.

The Tony Elumelu Foundation will also host a plenary session on the sidelines of FII, focused on youth entrepreneurship and its critical role in creating shared prosperity on the continent.

As the advocate of Africapitalism, Mr. Elumelu has long championed entrepreneurship as key to accelerating economic growth across Africa, leveraging his presence at FII to highlight the continent’s vast investment opportunities.

Mr. Elumelu said: “The relationship between Africa and the Gulf has evolved to be a thriving economic partnership, driving growth across both regions. I am proud to co-chair the New Africa Summit at FII, where we will explore mutually beneficial investment opportunities between Africa and the Gulf and highlight the key role entrepreneurship plays in transforming visions into ventures. Together, Africa and the Gulf are building a legacy of shared prosperity for a better tomorrow.”

Heirs Energies Executives Highlight Gas and Renewables as Key to Nigeria’s Energy Future

At the Nigeria Energy Leadership Summit Heirs Energies CEO, Osa Igiehon and Executive Director/CFO, Samuel Nwanze, shared insights on the future of Nigeria’s energy sector.

In his plenary address, Osa stressed that gas-to-power solutions are critical to overcoming the country’s energy challenges. He emphasised the importance of collaboration between upstream companies and power generators to fully unlock Nigeria’s natural gas potential, which could drive economic growth, create jobs, and improve the quality of life for millions of Nigerians.

“Gas-to-power is not just an option; it is the backbone of Nigeria’s energy security,” he said. “While renewable energy is essential, we need a stable baseload power supply, and natural gas provides a cleaner, more reliable alternative to coal and diesel.” He added that leveraging gas for power generation would reduce reliance on imported fuels and stabilise the national grid, helping the country cut carbon emissions while fostering sustainable development.

Osa also pointed to Nigeria’s ambitious targets to provide electricity to over 90% of the population by 2030, noting that these goals are achievable through effective government and private sector collaboration. He emphasized Heirs Energies’ commitment to being a strategic supplier of gas to power plants and industries, aiming to play a key role in ensuring Nigeria’s energy security.

Samuel Nwanze addressed the financial aspects of Nigeria’s energy transition during a fireside chat on the theme, “Investing in Tomorrow: Navigating the $360 Billion Energy Transition.” Sam revealed that Nigeria will need approximately $135 billion to decarbonize its power sector by 2060 and meet net-zero emission goals.

He outlined the critical role of innovative financing, including green bonds and blended finance, to accelerate the development of renewable energy projects. “There is no one-size-fits-all financing solution for renewable energy,” Sam said, highlighting the need for tailored approaches to mitigate project risks and attract capital. He also emphasized the importance of upgrading Nigeria’s grid infrastructure and scaling up off-grid solutions to ensure energy access and sustainability.

Sam also pointed to the need for clear policy frameworks to provide certainty around tariffs and demand, which are essential for attracting long-term investments. “Expanding transmission infrastructure and adopting energy storage solutions are key to integrating renewable energy into the national grid,” he added.

Both Osa and Sam reaffirmed Heirs Energies’ dedication to advancing Nigeria’s energy transition. By combining natural gas with renewable energy solutions, they believe Nigeria can create a sustainable and equitable energy future that will power economic growth.

 

Heirs Energies CEO Advocates for Energy Sufficiency and Sustainable Partnerships at the 17th German-African Energy Forum

Osa Igiehon

We are proud to share that our CEO, Osa Igiehon, recently participated in a thought-provoking panel discussion titled “Africa’s Climate Action is Gaining Momentum” at the 17th German-African Energy Forum in Hamburg, Germany.

The forum brought together key stakeholders from the energy sector to discuss Africa’s climate action, green industrialization, and the role of the private sector in driving sustainable energy transition.

During the panel, moderated by Katarina Kunert from Afrika-Verein, Osa emphasized the critical importance of achieving energy sufficiency in Africa as a foundation for sustainable development and economic growth. He highlighted our commitment at Heirs Energies to delivering more energy into the ecosystem in a manner that effectively meets the growing energy demands while minimizing the overall carbon footprint.

Osa stressed that Africa’s energy transition must be one that takes Africa from a current state of energy deficiency to a future of energy sufficiency. To him, “energy Sufficiency for Africa is a key imperative”. He posited that within the context of the global focus on achieving a low-carbon energy future to address climate concerns, we must not overlook the pressing need to address energy poverty and ensure reliable access to electricity for all Africans.”

He also shed light on our multi-energy approach at Heirs Holdings Group, spanning from gas production to power generation and distribution, which positions us to tackle Africa’s energy issues comprehensively and sustainably.

Osa highlighted our role in the Federal Government of Nigeria’s electrification drive, supplying gas to three power plants in eastern Nigeria and contributing to the journey towards a lower carbon footprint and energy sufficiency.

When asked about the kind of partnerships needed to develop Africa’s energy landscape in a future-oriented manner, Osa emphasized the importance of collaboration and the philosophy of Africapitalism, which underpins our parent company, Heirs Holdings. Africapitalism recognizes the critical role of the private sector in driving social and economic progress.

“Shared prosperity for all stakeholders are at the heart of Heirs Energies’ approach to partnerships,” Osa explained. “We believe that true partnerships should be enabling and symbiotic, rather than extractive. It should be a win-win and not win-lose, ensuring that all parties involved benefit from the collaboration.”

He further emphasized that we at Heirs Energies actively seek partnerships with governments, international organizations, and other industry stakeholders to accelerate Africa’s energy transformation. By working together, we believe that innovative solutions can be developed, investments attracted, and an enabling environment created for sustainable energy development across the continent.

The panel also featured insightful contributions from Christine Amira, Sustainability and Communications expert at WILO SE; Ross Palmer, Associate Director Energy Eurasia MEA at the European Bank for Reconstruction and Development; and Samir Rachidi, Director General of IRESEN, Morocco.

As Africa continues to gain momentum in its climate action, we at Heirs Energies remain committed to driving sustainable energy transition and forging collaborative partnerships to achieve energy sufficiency and greener industrialization across the continent.

The insights shared by our CEO, Osa Igiehon, at the 17th German-African Energy Forum underline our dedication to shaping Africa’s energy landscape for a more prosperous and sustainable future.

Heirs Energies Named “Emerging Energy Company of the Year” at Inaugural Energy Times Awards

LAGOS, 23/04/2024 – Heirs Energies, Africa’s leading integrated energy company has announced that it has been awarded the “Emerging Energy Company of the Year” at the inaugural edition of the Energy Times Awards. The ceremony, held in Lagos on Friday, April 19, 2024, recognised Heirs Energies for its remarkable growth and substantial investments in the energy sector since its inception in 2021.

The Energy Times Awards aim to celebrate outstanding achievements and innovations within the energy industry, highlighting companies and individuals driving positive change and making significant contributions to the sector’s advancement.

Heirs Energies’ recognition as the “Emerging Energy Company of the Year” underscores its commitment to energy solutions and its rapid growth and investment within the energy sector. The company’s oil production has grown from about 27,000 barrels per day (bpd) at the take-over of operational control in July 2021, to a peak of over 50,000bpd 100 days after the asset takeover in 2021.

“We are honored to receive the award of ‘Emerging Energy Company of the Year’ at the inaugural Energy Times Awards,” said Osa Igiehon, Chief Executive Officer of Heirs Energies. “This recognition is a demonstration of the dedication and hard work of our team in the last 3 years, as well as our commitment to driving positive and innovative change in the energy sector. We are proud of the progress we have made since inception in 2021 and remain steadfast in our mission to meet Africa’s unique needs,” he added.

Since its establishment in 2021, Heirs Energies has become an important contributor to the domestic gas supply in Nigeria. It achieved first gas from the Agbada Non-Associated Gas (NAG) Plant in November 2021, after taking over the project in May 2021. The significance of this milestone is highlighted by the fact that the Agbada NAG plant had been under construction for over 10 years by the previous operator and upon takeover, the company demonstrated capability and expertise by quickly bringing the plant to mechanical completion and identifying further growth opportunities.

 

Heirs Energies has continued to expand its footprint and has become a key contributor to the domestic gas market, allowing for an increased supply to gas-based industries and gas-powered electricity generation companies.

Heirs Energies Limited (formerly HeirsHoldings Oil & Gas Limited) is Africa’s largest indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs whilst aligning with global sustainability goals. With a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads the evolving energy landscape and contributes to a more prosperous Africa.