Heirs Energies, Nigeria’s leading indigenous integrated energy company, hosted a strategic media parley on Thursday, August 28, 2025, at the Heirs Towers on Victoria Island, Lagos. The interactive session brought together over 50 journalists from top-tier energy and business publications, marking a significant step in the company’s efforts to foster transparency and strengthen industry-media relations.
In his remarks, Sam Nwanze, Heirs Energies’ Executive Director and Chief Financial Officer, who delivered 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% terminal delivery rate – all 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.
Osa Igiehon, Heirs Energies’ CEO, in his submission 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, aligned with its Africapitalist principles.
Key CSR achievements include:
- Training over 300 youths through vocational programs
- Awarding 280+ scholarships to students from host communities
- Providing medical outreach to over 20,000 individuals
- Rehabilitating 4,500 sqm of access roads
- Empowering 1,000+ entrepreneurs in Rivers State through a partnership with the Tony Elumelu Foundation.
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.
By Ajibola Adedoye