Heirs Energy Wins Best Oil and Gas Deal Award 2026

Heirs Energy has been recognized as the Best Oil and Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026 for its landmark $750 million dual-tranche senior secured reserve-based lending facility. The award was presented on June 3, 2026, in London, highlighting Heirs Energy's position as one of the largest financing secured indigenous African energy companies.

The financing structure aims to accelerate field development and optimize production, supporting Heirs Energy's long-term growth strategy. Toni Elumelu, the chairman, emphasized the importance of mobilizing capital to unlock Africa's resources and advance energy security.

Osa Igiehon, the Chief Executive Officer, noted the recognition reflects confidence in African financial institutions. Haytham Elmaayergi, Vice President of Global Trade at Afreximbank, expressed pride in supporting the transaction, which underscores the importance of structured financing for indigenous energy companies.

Heirs Energy, which operates oil mining lease OML 17, has significantly increased its oil and gas production since acquiring the lease in 2021.