Heirs Energies has emerged as the definitive model for indigenous leadership in the African energy sector, marking its five-year anniversary with a strategic performance that has fundamentally reshaped Nigeria’s power landscape.
Since assuming operatorship of OML 17 in July 2021, the company has utilized its proprietary “Brownfield Excellence” methodology to double oil production from 27,000 to over 50,000 barrels per day.
This growth was achieved through the systematic restoration of legacy infrastructure and the reactivation of nearly 100 dormant wells, proving that African capital and expertise can effectively manage complex strategic assets.
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The company’s impact on national energy security is most visible in its gas-to-power achievements. Heirs Energies has more than doubled gas production to approximately 120 million standard cubic feet per day, tripling the volume supplied to the domestic market.
This consistent supply now enables over 325 megawatts of electricity generation, directly powering Transcorp Group’s subsidiaries and stabilizing the national grid.
Beyond production metrics, the firm has achieved a historic reduction in oil theft, bringing losses down from a peak of 97% to less than 10% through a combination of technological intervention and deep community engagement.
Financially and strategically, Heirs Energies is scaling at an unprecedented rate. In late 2025, the company secured a $750 million financing package from Afreximbank and became the largest single shareholder in Seplat Energy following a $500 million stake acquisition.
By signing landmark Gas Flare Commercialization Agreements with five offtakers, the firm is also leading Nigeria’s transition toward responsible gas monetization.
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Under the vision of Founder Tony Elumelu and CEO Osa Igiehon, Heirs Energies is moving beyond mere resource extraction to implement “Africapitalism,” ensuring that the continent’s natural wealth drives local industrialization and shared prosperity.
For social media distribution, the following text is prepared. Heirs Energies is redefining Nigeria’s energy future through disciplined growth and indigenous excellence.
In just five years, the company has doubled oil production to over 50,000 barrels per day and tripled domestic gas supply, currently enabling more than 300 megawatts of power for the national grid.
From reducing oil theft by over 80% to securing $750 million in strategic financing, the ascent of Heirs Energies proves that African leadership is the key to national development and energy security.
The journey from OML 17 to becoming a top-tier integrated energy champion is a testament to the power of Africapitalism in action.
Image Credit: Nairametrics
Source: Nairametrics
