The Chief Executive Officer, Heirs Energies, Osayande Igiehon, has reiterated the firm’s commitment to continually contribute to the country’s oil production output.
This commitment, he noted, ensured that within three months of acquiring OML 17 by the firm from its previous operator in 2021 doubled production from 25,000 barrels per day to over 50,000 barrels.
Igiehon, who spoke on African energy leadership at the inaugural Congo Energy & Investment Forum held at the Kintele Congress Center, Brazzaville, last week, noted that the same approach it adopted can help African countries like Congo to maximise production from its mature fields. He spoke on the: “Energy & Investment Outlook” and “Field Development Drive: Towards 500,000 Barrels Per Day.”
“Today, we consistently sustain this growth, aiming to surpass 100,000 barrels per day – something previously unachieved on this block. The same approaches can help Congo maximise production from its mature fields,” he said.
At his presentations, Igiehon highlighted the company’s successful doubling of gas production to 80-100 million scf per day, which he noted directly supports Nigeria’s domestic power generation and industrial sectors.
He emphasised Heirs Energies’ Brownfield Excellence approach as a blueprint for rapid production growth that could be replicated across Congo’s mature energy assets to help reach the nation’s production goals.
Osa also underscored the importance of Africapitalism – the philosophy pioneered by Heirs Holdings Chairman Tony Elumelu – as a guiding principle for energy development that creates shared prosperity.
“Driven by our Chairman, Tony Elumelu’s philosophy of Africapitalism, we lead with private sector solutions that create shared prosperity and improve lives across Africa. This is the spirit of the Heirs Holdings Group.
“This approach is exemplified by the Tony Elumelu Foundation, which recently committed $15 million to fund 3,000 entrepreneurs across all 52 African countries. Since launching with a $100 million commitment in 2015, the Foundation has now empowered over 24,000 entrepreneurs – more than double its initial target – catalysing job creation and economic development continent-wide.”
“We believe in partnerships built on shared destiny, where success benefits all stakeholders. Africa-to-Africa collaboration must be enhanced to address our common challenges of energy poverty and economic development,” he noted.
Igiehon also highlighted Heirs Energies’ operational excellence and turnaround expertise: “We are specialists in revitalizing mature assets across multiple sectors – from hospitality, exemplified by the Transcorp Hilton Abuja, to significant contributions in power generation and distribution, driving efficiency and sustainable value creation.”
