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Indigenous Firm Boosts Oilfield Management With Remote Connectivity

Chika Izuora by Chika Izuora
4 months ago
in Business
Oil Prices Surge Near 69 over Growing Supply Risks
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Indigenous energy company, Heirs Energies has moved to improve oil production and sustain investment in Nigeria’s oil and gas industry by deploying advanced technologies to improve its oil production capacity and environmental sustainability.

 

The firm has deployed Starlink-powered connectivity to transform asset management at remote oilfield sites.

 

The rollout is enabling real-time monitoring, reliant communications and advanced IoT integration, strengthening uptime, efficiency and data-driven field performance.

In the wake of its digital rollout, the company said it will participate as a Gold Sponsor at this year’s African Energy Week (AEW) 2026, set to take place from October 12–16 in Cape Town.

 

Their sponsorship comes as the event launches its inaugural AI and Data Center Track, positioning digital infrastructure, intelligent systems and data-driven demand at the center of Africa’s evolving energy landscape.

 

Heirs Energies’ digital momentum is underpinned by a series of strategic and financial milestones.

 

In December 2025, the company secured a $750 million dual-tranche senior-secured reverse-based lending facility from the African Export-Import Bank (Afreximbank), accelerating development at OML 17 and reinforcing the “Africa financing Africa” model.

 

According to the report distributed by the APO Group for African Energy Chamber, the facility supports the company’s medium-term ambition to scale output toward 100,000 barrels per day (bpd) while strengthening liquidity, capital efficiency and long-term field optimisation.

 

Operationally, the company continues to transform OML 17, a 1,300-km2 onshore asset in Rivers State.

 

Since assuming operatorship in 2021, Heirs Energies has more than doubled oil production to over 50,000 bpd and increased gas output to approximately 120-135 million standard cubic feet per day (MMscf/d).

 

Through its Brownfield Excellence strategy – reactivating over 100 dormant wells and sustaining uptime above 85 per cent, the company has reduced theft-related losses and improved terminal delivery reconciliation to near-total accuracy.

 

Meanwhile, a joint venture between Heirs Energies and the Nigerian National Petroleum Company executed gas flaring commercialisation agreements under the Nigerian Gas Flare Commercialisation Program, targeting the capture of approximately 180 MMscf/d of flare gas across OML 17.

 

With five private offtakers engaged and commissioning expected by Q3 2026, the initiative supports Nigeria’s Decade of Gas policy, strengthened domestic energy security and monetises previously wasted resources while reducing routine flaring.

 

In parallel, Heirs Energies completed an equity expansion on December 31, 2025, acquiring a 20.7 per cent stake in Seplat Energy for approximately $496 million.

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The transaction, financed in part through its Afreximbank facility and credit support from the Africa Finance Corporation, positions Heirs Energies as Seplat’s largest shareholder and enhance horizontal integration across Nigeria’s upstream and midstream value chain.

Beyond hydrocarbons, the company continues to embed Africapitalism through the OML 17 Host Communities Development Trust, serving 73 communities in Rivers State. The Trust has awarded over 1,600 scholarships, empowered more than 300 youths with vocational skills and upgraded electrical infrastructure benefitting 270,000 people.

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Chika Izuora

Chika Izuora

Chika Izuora is a journalist with Leadership Media Group with over two decades of mainstream journalism experience. A Mass Communication graduate and alumnus of Pan Atlantic University (PAU), he has built outstanding expertise in the oil and gas industry alongside a versatile career as a journalist and author.

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