By Ajibola Adedoye
Heirs Energies, a leading indigenous integrated energy company, held an interactive media parley on Thursday, August 28, 2025, at the Heirs Towers, Victoria Island, Lagos. The event brought together over 50 journalists from prominent business and energy outlets, as the company shared updates on its operations, impact, and regional expansion ambitions.
The session featured a keynote presentation by Executive Director and Chief Financial Officer, Sam Nwanze, titled “The Heirs Energies Story: From Vision to Impact.” The presentation covered the company’s evolution, its turnaround of the OML 17 asset, and its strategic shift towards gas-led growth.
OML 17 Turnaround: A Case Study in Indigenous Excellence
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Heirs Energies spotlighted its successful revitalization of OML 17, once a troubled asset marred by oil theft and underperformance. Nwanze revealed that within the first 100 days of takeover, the company had reactivated over 100 dormant wells and achieved up to 100% terminal delivery efficiency, underscoring its operational agility and technical expertise.
He also emphasized the company’s gas strategy, with the commissioning of the Agbada Non-Associated Gas (NAG) Plant and daily gas production exceeding 100 million standard cubic feet, solidifying its role as a key player in Nigeria’s Eastern gas corridor.
CEO Speaks on Sector Realities, Reaffirms Commitment to Africapitalism
In his closing remarks, CEO Osa Igiehon addressed challenges facing the Nigerian energy industry, such as crude theft, infrastructure sabotage, and regulatory uncertainty. He reaffirmed Heirs Energies’ commitment to long-term value creation through indigenous leadership and transparent governance.
“We are not just solving operational problems—we are building a new model for African energy success,” Igiehon said. “As a 100% Nigerian company, we operate at global standards while staying deeply rooted in the needs of our people.”
Driving Impact Beyond Oil: CSR and Community Engagement
The event also highlighted Heirs Energies’ extensive social investment efforts, reflecting its Africapitalist approach to business. Highlights include:
-Over 300 youths trained through vocational and empowerment programmes
-280+ scholarships awarded to students in host communities
-Healthcare outreach to more than 20,000 people
-4,500 sqm of roads rehabilitated in host areas
-1,000+ Rivers State entrepreneurs supported through a partnership with the Tony Elumelu Foundation
Charting a Pan-African Growth Path
Looking ahead, Heirs Energies revealed its intent to expand operations into other African markets, including Namibia, Senegal, and Angola. The company aims to apply its Brownfield Excellence (BFE) model across the continent—reviving legacy assets through indigenous capacity, operational discipline, and community partnership.
The media parley served as a platform for open dialogue and reinforced Heirs Energies’ vision: building a future where African energy resources create broad-based prosperity, driven by Africans for Africans.
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