• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Heirs Energies To Deliver 100,000 Barrels Of Oil Production Daily

by Chika Izuora
5 months ago
in Business
Heirs Energies
Share on WhatsAppShare on FacebookShare on XTelegram

Heirs Energies is making significant investment progress as it prepares to exert more pressure to deliver more oil from its field assets in Nigeria.

Advertisement

The company’s chief executive officer (CEO), Osayande Igiehon, while delivering insights on African energy leadership at the inaugural Congo Energy & Investment Forum held in Brazzaville from March 24-26, 2025, said,: “Within three months of acquiring OML 17 from the previous operator in 2021, we doubled production from 25,000 barrels per day to over 50,000 barrels,” Osa told the audience. 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 maximize production from its mature fields.”

Osa joined distinguished panels of African business leaders at the Kintele Congress Center on March 26th, speaking on two key themes: ‘Energy & Investment Outlook’ and ‘Field Development Drive: Towards 500,000 Barrels Per Day.’ During the sessions, Osa shared practical strategies on how the Republic of Congo could accelerate its journey toward achieving its ambitious 500,000 barrels per day production target.

During his presentations, Osa highlighted the company’s successful doubling of gas production to 80-100 million scf per day, directly supporting Nigeria’s domestic power generation and industrial sectors. He emphasized 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.

The forum, organized by Energy Capital & Power in partnership with the Republic of Congo’s Ministry of Hydrocarbons, brought together government officials, industry leaders, and investors to discuss strategies for accelerating energy development across the continent.

ADVERTISEMENT

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.

 

ADVERTISEMENT

“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,” he stressed.

RELATED

Ahmed XM

How My Journey Into Financial Market Trading Started — Ahmed XM

3 hours ago
Budget Minister, Stakeholders Seek Inclusive, Robust National Statistical System

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

17 hours ago

“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 stressed.

Osa 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,” he said.

The forum provided a platform for Heirs Energies to advance discussions on potential partnerships in the Congo Basin as part of its Pan-African expansion strategy

 

 


Join Our WhatsApp Channel



Tags: Heirs EnergiesOil Production
SendShare10176Tweet6360Share
ADVERTISEMENT
Previous Post

Diaspora Nigerians Protest Poor Investment Environment, Demolition Of Properties

Next Post

Africa Energy Bank: Nigeria, Angola, Ghana’s Capital Guarantees Take Off

Chika Izuora

Chika Izuora

You May Like

Ahmed XM
Business

How My Journey Into Financial Market Trading Started — Ahmed XM

2025/09/06
Budget Minister, Stakeholders Seek Inclusive, Robust National Statistical System
Business

Federal Gov’t Advocates Nutrition Budget Tagging For Transparent Healthcare Delivery

2025/09/06
ASSBIFI Link Forex Rise On Unpatriotism Of Nigerians
Business

Rising Liquidity, Foreign Reserves Boost Naira To 6-month High Of N1,514.86

2025/09/06
Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty
Business

Stakeholders Laud Babandede’s Promotion, As Onne Customs Generates N859bn Revenue

2025/09/06
‘We’re Not Owing You Ground Rent’, FIRS Tackles FCTA Over Office Closure
Business

FIRS Advocates Global Reforms On SMEs Tax Evasion

2025/09/06
TV Reality Show Plans N50m Reward For Youth Entrepreneurs
Business

TV Reality Show Plans N50m Reward For Youth Entrepreneurs

2025/09/06
Leadership Conference advertisement

LATEST

Kano NNPP Crisis Deepens As Factional Chairman Rejects Lawmaker’s Expulsion

5% Surcharge On Fuel: What You Need To Know

WC Qualifier: Osimhen Suffers Ankle Injury, May Miss Nigeria’s Next Match Against South Africa

El-Rufai Wowed By Warm Reception In Owerri, Calls For Unity

NCDC Alerts Nigerians As DR Congo Confirms Ebola Outbreak

Governors Mourn Victims Of Niger Boat Mishap

9 Arrested After Mob Attack On Police Station In Kano

Nigeria Beat Rwanda, Revive 2026 World Cup Hopes

Peter Obi Embarks On Medical Rest, Suspends Public Engagements

Federal Government Urged To Honour Student Crowned World’s Best In Cambridge English Exam

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.