During African Energy Week 2026, the company is expected to highlight its Starlink-enabled digital oilfield transformation, record production growth, major gas commercialization milestones and strategic equity expansion.
Set to scale both production and digital capacity across its Nigerian operations, Heirs Energies – a Lagos-headquartered indigenous energy company – has deployed Starlink-powered connectivity to transform asset management at remote oilfield sites. The rollout is enabling real-time monitoring, reliant communications and advanced IoT integration, strengthening uptime, efficiency and data-driven field performance.
In the wake of its digital rollout, the company will participate as a Gold Sponsor at this year’s African Energy Week (AEW) 2026, set to take place from October 12–16 in Cape Town. Their sponsorship comes as the event launches its inaugural AI and Data Center Track, positioning digital infrastructure, intelligent systems and data-driven demand at the center of Africa’s evolving energy landscape.
Heirs Energies’ digital momentum is underpinned by a series of strategic and financial milestones. In December 2025, the company secured a $750 million dual-tranche senior-secured reverse-based lending facility from the African Export-Import Bank (Afreximbank), accelerating development at OML 17 and reinforcing the “Africa financing Africa” model. The facility supports the company’s medium-term ambition to scale output toward 100,000 barrels per day (bpd) while strengthening liquidity, capital efficiency and long-term field optimization.
Operationally, the company continues to transform OML 17, a 1,300-km2 onshore asset in Rivers State. Since assuming operatorship in 2021, Heirs Energies has more than doubled oil production to over 50,000 bpd and increased gas output to approximately 120-135 million standard cubic feet per day (MMscf/d). Through its Brownfield Excellence strategy – reactivating over 100 dormant wells and sustaining uptime above 85% – the company has reduced theft-related losses and improved terminal delivery reconciliation to near-total accuracy
Meanwhile, a joint venture between Heirs Energies and the Nigerian National Petroleum Company executed gas flaring commercialization agreements under the Nigerian Gas Flare Commercialization Program, targeting the capture of approximately 180 MMscf/d of flare gas across OML 17. With five private offtakers engaged and commissioning expected by Q3 2026, the initiative supports Nigeria’s Decade of Gas policy, strengthened domestic energy security and monetizes previously wasted resources while reducing routine flaring.
In parallel, Heirs Energies completed a transformative equity expansion on December 31, 2025, acquiring a 20.7% stake in Seplat Energy for approximately $496 million. The transaction, financed in part through its Afreximbank facility and credit support from the Africa Finance Corporation, positions Heirs Energies as Seplat’s largest shareholder and enhance horizontal integration across Nigeria’s upstream and midstream value chain.
Continue reading with Eandel
Subscribe to unlock the complete story and receive your subscriber benefits.
