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Tony Elumelu's Heirs Energies has commissioned a digital operations hub at OML 17 that integrates real-time monitoring, security and production data into a single platform.
Tony Elumelu will become Seplat Energy chairman in January 2027 as Effiong Okon takes over as CEO in August, completing a sweeping leadership transition at Nigeria's largest indigenous energy company.
Tony Elumelu's Heirs Energies has won Best Oil & Gas Deal of the Year for its $750 million financing with Afreximbank, one of Africa's largest indigenous energy deals.
Heirs Energies is up about $186.6 million on paper on its Seplat stake, bought in December as Nigerian independents expand.
Seplat Energy begins ANOH gas production, increasing Nigeria’s gas supply and supporting industrial and domestic energy needs.
Five years after assuming control of OML 17, Heirs Energies points to production growth, safety milestones and financial discipline as proof of its operating model.
Tony Elumelu’s Heirs Energies acquires 20% of Seplat for nearly $500 million, marking a major local investment in Nigeria’s energy sector.
Heirs Energies secures $750 million from Afreximbank, marking one of the biggest funding deals secured by a locally owned energy producer on the continent.
Sam Nwanze reflects on the high-stakes decisions, crises and philosophy of Africapitalism that shaped his rise to CFO of the Year in African energy.
Tony Elumelu’s Heirs Energies has doubled gas production at OML 17, boosting electricity to over 350MW and reshaping Nigeria’s power market.
Heirs Energies is set to drive sustainable energy solutions at African Energy Week 2024, aligning with Tony Elumelu’s vision for transforming Africa’s energy sector.
The recent success of Heirs Energies is linked to strategic acquisitions.
Elumelu acknowledges Heirs Energies’ team for industry leadership, applauds CEO for pioneering impact.