It’s been five years now since Heirs Energies assumed operatorship of OML 17, taking responsibility for one of Nigeria’s most complex brownfield assets, committing to stewardship that identifies discipline, resilience, and long-term intent.
The energy company is now telling It’s story five years on as it defines the journey as a milestone not defined solely by the passage of time, but by what has been delivered.
Heirs Energies the company has disclosed was built on a clear conviction: that African capital, leadership, and expertise can responsibly operate strategic energy assets, deliver performance, and contribute meaningfully to national development, and in the past five years according to the company, that particular conviction has been tested-and proven-through execution.
In telling It’s own sucess story, the company itemised some of It’s work to drive home It’s point that it has truly impacted the sector in a positive light. For in instance, heirs Energies in his document sent to energy news stream noted that it Acquired 45% of OML 17 on 15 January 2021 for US$1 billion and assumed operatorship ahead of plan on 1 July 2021.
In the area of safety and providing leadership in that space, the company noted that in the last five years it has Operated safely since inception with zero fatalities with no Lost Time Injuries (LTI), underpinning It’s proprietary safety culture, “Everyone is a Safety Officer.” The company declared.
The commpany also noted that five years down the line, it has Sustainably doubled oil production from less than 25 kbopd to over 50 kbopd, supporting Nigeria’s energy security, while also declaring that it has Doubled gas production from under 50 MMSCF/d to over 120 MMSCF/d, tripling gas supplied into the domestic market from 30MMSCF/d to over 100 MMSCF/d and enabling electricity generation to grow from less than100 MW to over 325 MW.
On Brownfield Excellence – Heirs Energies said it Achieved growth without drilling new wells or building new facilities, through rigorous restoration of legacy assets using it’s proprietary Brownfield Excellence methodology, including the reactivation of approximately 100 dormant wells and sustained operation of 65-year-old pumps at over 85% uptime.
The company also prides itself as one Nigeria’s leading energy company with prompt Crude Theft Response mechanism, in this sense it said over the years , it has worked tirelessly to Catalyse a country-level response to crude oil theft, contributing to a dramatic recovery in terminal delivery from as low as 3% in December 2021 to over 95% since 2025.
Management of Heirs Energies in It’s own story further noted that the last five years as proven It’s leadership position in Oil production output, as it ranks among operators in Nigeria as one delivering the highest oil production increase between 2020–2024, while remaining one of the top three lowest-cost operators.
In the area of financial discipline & credibility, Heirs Energies said it has Established a strong track record with local, regional, and global lenders, fulfilling all lending obligations without fail, a development the company noted culminated in a US$750 million refinancing with Afreximbank.
While declaring that it Acquired a 20% equity stake in Seplat Energy Limited at the end of 2025, becoming the company’s largest single shareholder, the company also noted that it Built a 100% Nigerian workforce with top-quartile capability and culture, combining experienced professionals with a new generation of talent delivering industry-leading outcomes.
These listed outcomes Heirs Energies has noted, were achieved through disciplined execution, strong partnerships with government and regulators, the confidence and support of financiers, deep engagement with host communities, and the unwavering commitment of the people.
This journey the company also noted reflects the long-term vision of the Company’s Chairman, Tony O. Elumelu, CFR, standing as a practical demonstration of Africapitalism in action – where African enterprises deliver economic value, social impact, and national development in parallel.
