We ‘ll consolidate growth in 2026, says Heirs Energies

Chief Executive Officer, Heirs Energies Limited, Osa Igiehon has said the company would consolidate on its strong growth momentum this year, after closing 2025 on a high note of major deals.

In his review and preview, Igiehon said the company closed 2025 on two defining milestones that position it firmly for the future.

Heirs Energies had executed a $750 million financing transaction with Afreximbank and also completed the acquisition of the 20.07 per cent equity stake in Seplat Energy Plc, all in December 2025.

Igiehon said the Seplat’s stake, previously held by Maurel & Prom S.A was a strategic portfolio investment that deepened indigenous participation in critical energy assets and reinforces Heirs Energies’ confidence in Africa’s ability to own, develop, and responsibly manage its resources.

 He said: “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”.

According to him, 2025 was a year that demanded discipline and clarity of execution across the energy industry with market volatility, operational complexity, and heightened stakeholder expectations testing resilience and systems.

“At Heirs Energies, we remained firmly anchored on fundamentals. We prioritised safety, executed with discipline, and stayed focused on protecting long-term value.”

“Safety remained our first priority throughout the year. We sustained an exceptional safety performance, recording 1,780 LTI-free days and over 9 million LTI-free manhours, reflecting a deeply embedded safety culture across our operations and the shared responsibility of our workforce.

“Operationally, the year demonstrated the strength of our brownfield strategy and technical capability. Through targeted interventions and innovative execution, we restored production from long-inactive assets, achieved peak gas production of 135 MMscf per day, and doubled gas supply to key power customers, contributing meaningfully to domestic power generation and economic activity.

“Financial performance was resilient despite a challenging price environment. Heirs Energies recorded a 10 per cent year-on-year increase in revenue, met all obligations to lenders, sustained full cost recovery, and maintained a unit operating cost significantly below industry benchmarks. These outcomes reflect our continued focus on efficiency, capital discipline, and sustainable cash generation.

“Beyond operational and financial outcomes, stakeholder alignment remained central to our approach. Through deliberate engagement and collaboration, we recorded zero production deferment arising from community issues, reinforcing our belief that sustainable operations are built on trust, partnership, and shared value,” Igiehon said.