Nigerian oil company Heirs Energies, sole operator of OML 17 in the Niger Delta, is seeking to expand its operations into the Republic of Congo.
Executive Director and CFO Samuel Nwanze revealed the company’s growth strategy during a press briefing at the ongoing African Energy Week in Cape Town, South Africa.
He emphasized that Heirs Energies remains committed to African-led energy solutions.
“Yes, we are interested in expanding our business model in Nigeria and other African countries, and Congo is on the map,” he stated.
Nwanze explained that the company’s philosophy is anchored on maximizing the potential of mature fields and driving production efficiency.
He noted that Heirs Energies has achieved significant growth at OML 17 without drilling new wells or acquiring additional assets, relying instead on reworking existing infrastructure to extend the life of mature fields.
The company also underscored its role in promoting Africapitalism.
According to Nwanze, Heirs Energies is a 100% indigenous brand, with 95% of its contractors also indigenous.
He added that the company’s in-house development approach and control over its resources enable it to deliver meaningful impact.
“All of the gas we produce in Nigeria goes into the domestic market to power industry,” he concluded.
Source: https:// energynewsafrica.com
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.