Heirs Energies has highlighted ongoing integrated investment strategies that will open up its market structure in Nigeria’s power sector.
At a strategic media parley on Thursday, August 28, 2025, in Lagos, Sam Nwanze, Heirs Energies’ Executive Director and Chief Financial Officer, in a presentation titled “The Heirs Energies Story: From Vision to Impact”, provided deep insights into the company’s founding vision, operational transformation, and its rapidly expanding role in Nigeria’s energy landscape.
A key highlight of the session was Heirs Energies’ turnaround of OML 17, a formerly underperforming asset burdened by oil theft and inactivity.
According to Nwanze, the company reactivated over 100 dormant wells and achieved a 95–100 per cent terminal delivery rate within the first 100 days of taking over the asset.
Heirs Energies also emphasised its strategic pivot toward gas as a cornerstone of Nigeria’s energy future.
The company has commissioned the Agbada Non-Associated Gas (NAG) Plant and scaled its gas production to over 100 million standard cubic feet per day (MMscfd), positioning itself as a key supplier in the Eastern domestic gas market.
In his submission, Osa Igiehon, CEO of Heirs Energies, addressed pressing industry challenges, including crude oil theft, infrastructure sabotage, policy uncertainty, and energy security. He highlighted the role of indigenous companies like Heirs Energies in driving sustainable growth in Nigeria’s upstream sector.
“Our strategy is rooted in resilience and transparency,” Igiehon said. “We are building a globally competitive company with Nigerian leadership, for Nigerian and African prosperity. Africapitalism isn’t just a philosophy for us—it’s our business model.”
Beyond operations, the company spotlighted its commitment to social impact and host community development, which was aligned with its Africapitalist principles.
Heirs Energies also revealed plans for continental expansion, with strategic interests in Namibia, Senegal, Angola, and other African energy markets. The company aims to replicate its Brownfield Excellence (BFE) model, leveraging local expertise and operational innovation to revitalise underperforming assets across Africa.
The media parley underscored Heirs Energies’ ambition to lead not just within Nigeria but across the African energy sector, combining business success with measurable socio-economic impact.
Meanwhile, Heirs Energies, will use its participation in the African Energy Week: Invest in African Energies 2025 in Cape Town, South Africa, to highlight its growth strategy, achievements and expansion plans across the continent.
The event, scheduled for September 29 to October 3, will provide the company with a platform to engage investors, policymakers and industry leaders.
Heirs Energies will showcase how it has doubled production from 25,000 barrels per day to 50,000 bpd since acquiring key assets in 2021, and its target of scaling output to 110,000 bpd within five years.
“Nigerian independent oil and gas producer Heirs Energies has confirmed its participation as a Bronze Partner at African Energy Week: Invest in African Energies 2025, taking place in Cape Town from September 29 to October 3.
“The partnership comes as the company pursues ambitious growth plans, including doubling its oil output by 2030 and expanding its footprint across Africa,” the organisers said.
As the operator of OML 17, it was highlighted that Heirs Energies had already doubled production since acquiring the asset from Shell in 2021. The company aims to further scale production through additional drilling, well reactivations and infrastructure upgrades.
“Beyond Nigeria, Heirs Energies is leveraging its operational expertise to pursue new opportunities across the continent. The company combines responsible operations with innovative production strategies to enhance efficiency, foster community development and advance sustainable energy outcomes,” the statement added.
It was recalled that Heirs Energies recently launched a merit-based scholarship programme for youth in the host communities of OML 17.
Managed through the OML Host Communities Development Trust, the initiative provides educational opportunities for eligible candidates, contributing to long-term socioeconomic growth in the region.
“Heirs Energies’ rapid growth and commitment to community development demonstrate how African energy companies can drive both economic progress and social impact. By investing in local talent and expanding across the continent, they are setting a benchmark for sustainable, responsible energy development.
At AEW 2025: Invest in African Energies, Heirs Energies will engage with investors, policymakers and industry leaders to showcase its growth strategy, highlight new opportunities in Nigeria and across Africa, and reinforce its commitment to sustainable, community-driven energy development through its partnership with the event,” said the Vice President of Commercial and Strategic Engagement at the African Energy Chamber, Tomás Gerbasio.
