Heirs Energies celebrates third anniversary

 

Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, has commemorated its third anniversary. In a short time, Heirs Energy has implemented a track record of significant production increases, pioneered a new model of community engagement and built a world-class Nigerian management team, contributing to a new beginning in ensuring Nigeria’s sustainable energy future.

Heirs Energies was launched in January 2021, following the completion of an eight-year, $1.2 billion transaction to acquire oil licence OML17 from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI, and solidifying the joint venture partnership with the NNPC Limited.

The Chairman of Heirs Energies, Tony Elumelu, expressed his admiration while reflecting on his vision for Heirs Energies.

“As someone from the Niger Delta, I had seen firsthand how Nigeria’s resource wealth can be mishandled. The energy sector was an industry that had frankly not served Nigeria’s interest.

I knew Nigeria could do better and control her destiny. My vision was to build Africa’s largest indigenous-owned integrated energy company, focused on Africa’s unique energy needs. As I look back now, we have more than succeeded,” he said.

Elumelu commended the team, sharing his deep gratitude for their commitment to his vision of creating value for all stakeholders within the energy sector.