Country
Nigeria
Sector
Oil & Gas
Intelligence Type
Corporate
Status / Stage
Expanding
Confidence
Confirmed
Latest Development
Heirs Energies is the upstream oil and gas arm of Tony Elumelu’s Heirs Holdings — operator of OML 17 in the Niger Delta, acquired from Shell in 2021 for $533m. Afreximbank provided a $750m development finance facility in December 2025 for production growth and infrastructure development.
Company Profile
Company TypePrivate
HeadquartersLagos, Nigeria
Countries of OperationNigeria
Founded2021
Websiteheirsenergie.com
Parent CompanyHeirs Holdings (Tony Elumelu)
Key ExecutivesTony Elumelu (Chairman); Osayande Igiehon (CEO)
Key Developments
Operates OML 17 (acquired from Shell 2021, $533m). Afreximbank $750m facility (December 2025) for production growth. Part of the indigenous operator wave replacing departing IOCs in the Niger Delta.
Key Risks
OML 17 community, pipeline security and operational risks. Production track record since 2021 still being established.
What Happens Next
Production ramp-up at OML 17 using the $750m Afreximbank facility.
Commercial Opportunity Intelligence
Opportunity SignalLargest Afreximbank upstream facility to a Nigerian indigenous operator.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)AllaAfrica / Afreximbank (December 22, 2025); Businessday NG
Source DateDecember 2025