Chief Executive Officer of Heirs Energies Limited, Osa Igiehon, has announced that the company plans to consolidate its strong growth momentum in 2026, following a successful 2025 marked by major strategic deals.

In his year-end review, Igiehon highlighted two key milestones that position the company for long-term success. In December 2025, Heirs Energies executed a $750 million financing transaction with Afreximbank and acquired a 20.07% equity stake in Seplat Energy Plc, previously held by Maurel & Prom S.A. The investment in Seplat strengthens indigenous participation in critical energy assets and underscores the company’s confidence in Africa’s capacity to own, develop, and responsibly manage its natural resources.

“As we look ahead to 2026, our priorities are clear. We will build on the foundations laid in 2025, protect asset integrity, deepen partnerships, and continue delivering reliable energy with the highest standards of safety, governance, and stakeholder responsibility,” Igiehon said.

Reflecting on 2025, he noted that the year demanded discipline and precise execution amid market volatility, operational complexities, and rising stakeholder expectations. “At Heirs Energies, we remained anchored on fundamentals. We prioritized safety, executed with discipline, and stayed focused on protecting long-term value,” he added.

The company sustained an impressive safety record, with 1,780 Lost-Time-Injury-free days and over 9 million LTI-free manhours, highlighting a strong safety culture. Operationally, targeted interventions restored production from long-dormant assets, achieved peak gas production of 135 MMscf per day, and doubled gas supply to key power customers, supporting domestic power generation and economic activity.

Financially, Heirs Energies posted a 10% year-on-year increase in revenue despite challenging price conditions, maintained full cost recovery, met all obligations to lenders, and kept unit operating costs significantly below industry benchmarks.

Stakeholder engagement remained central to the company’s approach, with zero production deferments arising from community issues, reflecting a commitment to sustainable, partnership-driven operations.