Heirs Energies, Africa’s leading integrated energy company, said it had doubled its oil production in 100 days, from 27,000 barrels to 52,000 per day.

The Chief Executive Officer of Heirs Energies, Osa Igiehon, disclosed this in an interview with Financial Times, highlighting the company’s contributions to Nigeria’s energy sector despite the challenging operating environment.

“We took over operational control from the previous operator in July of 2021 we essentially doubled our oil production in 100 days, from 27,000 barrels to 52,000 barrels of oil per day. But we noticed very quickly that whilst we were trying to ramp up production, what was getting to the terminal was declining,” Mr Igiehon said.

He explained that a global push for energy transition has made financing for oil and gas more challenging.

Founded in 2021, Heirs Energies operates an Oil Mining License (OML17) with a mission to ensure that Nigerian businesses and consumers derive direct benefit from the country’s natural resources.

• Read More