Heirs Energies has announced plans to scale up its crude oil production capacity from 50,000 barrels per day (bpd) to 110,000 bpd by the year 2030.
Chief Executive Officer, Dr. Osa Igiehon, revealed the projection during an interactive session with energy and business reporters in Lagos. He said the initiative aligns with the company’s mission to strengthen energy security, revive underperforming oil fields, and deepen its commitment to sustainability and transparency.
“All of our gas output goes directly into the local market, which is vital for national growth,” Igiehon stated, noting that the firm is driven by 100 per cent local content, with 95 per cent of its contractors being Nigerian.
He also underlined the need for open dialogue to address key industry hurdles such as oil theft, sabotage of infrastructure, policy instability, and energy insecurity.
Giving further details, Executive Director and Chief Financial Officer, Mr. Sam Nwanze, pointed to the company’s turnaround of Oil Mining Lease (OML) 17. Once crippled by theft and inefficiency, the asset has now become a high-performing operation with more than 95 per cent terminal delivery and the reactivation of 100 dormant wells.
He added that the commissioning of the Agbada Non-Associated Gas Plant has lifted output to over 100 million standard cubic feet of gas daily, making Heirs Energies one of the leading suppliers to the eastern domestic market.
The company has also invested in community development, training more than 300 young people, offering 280 scholarships, delivering medical outreaches to over 20,000 beneficiaries, and rehabilitating roads in host areas. In partnership with the Tony Elumelu Foundation, more than 1,000 Rivers State indigenes have been supported with entrepreneurial opportunities.
With safety records exceeding 1.5 million man-hours without a Lost Time Incident, Heirs Energies says it is positioning itself as a model for indigenous operators. The firm is also exploring new ventures in other African markets, including Namibia, Senegal, and Angola, to replicate its growth strategy across the continent.
