Heirs Energies, has been awarded the Emerging Energy Company of the Year at the inaugural edition of the Energy Times Awards. The ceremony, held amid fun fair, and attended by A-list dignitaries, in Lagos on last weekend, recognised Heirs Energies, for its remarkable growth and substantial investments in the energy sector since its inception in 2021.
The Energy Times Awards aims to celebrate outstanding achievements and innovations within the energy industry, highlighting companies and individuals driving positive change and making significant contributions to the sector’s advancement.
The organisers of the award, noted that, Heirs Energies’ recognition as the Emerging Energy Company of the Year underscores its commitment to energy solutions and its rapid growth and investment within the energy sector.
The company’s oil production has grown from about 27,000 barrels per day (bpd) at the take-over of operational control in July 2021, to a peak of over 50,000 bpd 100 days after the asset takeover in 2021.
Chief Executive Officer of Heirs Energies, Osa Igiehon, said, “We are honored to receive the award of Emerging Energy Company of the Year’ awards. This recognition is a demonstration of the dedication and hard work of our team in the last three years, as well as our commitment to driving positive and innovative change in the energy sector. We are proud of the progress we have made since inception in 2021 and remain steadfast in our mission to meet Africa’s unique needs. Since its establishment in 2021, Heirs Energies has become an important contributor to the domestic gas supply in Nigeria. It achieved first gas from the Agbada Non-Associated Gas (NAG) plant in November 2021, after taking over the project in May 2021.”
“The significance of this milestone is highlighted by the fact that the Agbada NAG plant had been under construction for over 10 years by the previous operator and upon takeover, the company demonstrated capability and expertise by quickly bringing the plant to mechanical completion and identifying further growth opportunities”.
Heirs Energies has continued to expand its footprint and has become a key contributor to the domestic gas market, allowing for an increased supply to gas-based industries and gas-powered electricity generation companies.
Heirs Energies Limited (formerly Heirs Holdings Oil & Gas Limited) is Africa’s largest indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs whilst aligning with global sustainability goals. With a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads the evolving energy landscape and contributes to a more prosperous Africa.
