• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 21, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Indigenous Firm Boosts Oilfield Management With Remote Connectivity

Chika Izuora by Chika Izuora
3 months ago
in Business
Oil Prices Surge Near 69 over Growing Supply Risks
Share on WhatsAppShare on FacebookShare on XTelegram

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.

RELATED NEWS

Sule Seeks Stronger Mortgage Funding, Positions Nasarawa For Affordable Housing Growth

BREAKING: MPC Keeps Rates Unchanged

Meet Post‑award Conditions in 90 Days Or Forfeit Blocks, NUPRC Licencees

 

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.

 

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.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn as much as $15,000- $25,000 with premium domains. You decide if you want payment in Naira or US Dollars. Be sure to ask for evidence and proof of people benefitting daily from this. CLICK HERE TO START
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.

OTHER NEWS UPDATES

Sule Seeks Stronger Mortgage Funding, Positions Nasarawa For Affordable Housing Growth
Business

Sule Seeks Stronger Mortgage Funding, Positions Nasarawa For Affordable Housing Growth

3 hours ago
NPL Rises To 9.85% As Banks Exit Regulatory Forbearance
Business

BREAKING: MPC Keeps Rates Unchanged

4 hours ago
Meet Post‑award Conditions in 90 Days Or Forfeit Blocks, NUPRC  Licencees
Business

Meet Post‑award Conditions in 90 Days Or Forfeit Blocks, NUPRC Licencees

5 hours ago
Next Post
Embrace Innovation, Creativity, Minister Charges Youths

Embrace Innovation, Creativity, Minister Charges Youths

Advertisement

LATEST UPDATE

La Liga Chief Demands Infantino’s Resignation Amid World Cup Controversies

44 minutes ago

WAFCON: Nwadike Backs Super Falcons Title Defence

51 minutes ago

Zidane Signs Long-Term Deal To Succeed Deschamps As France Manager

58 minutes ago

NPC Begins Digital Birth, Death Registration In Kogi

1 hour ago

Manufacturers Withdraw Lawsuit Against FG, Clears Path for 1.55m Meters Procurement

1 hour ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

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

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.