Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Nigerian firm Heirs Energies secures $750M from Afreximbank to expand OML 17 oil and gas operations.
Heirs Energies Limited, a leading Nigerian energy company, has secured a $750 million financing deal with Afreximbank, one of the largest for an African energy firm, to boost development of its OML 17 oil and gas field.
Since taking over operations, the company has doubled oil production to over 50,000 barrels per day and increased gas output to 120 million standard cubic feet per day, with all gas used for Nigeria’s domestic power generation.
The funds will support further production optimization, field expansion, and improved operational efficiency, safety, and community relations.
The agreement reflects strong confidence in the company’s governance and growth strategy.
La empresa nigeriana Heirs Energies obtiene $ 750M de Afreximbank para expandir las operaciones de petróleo y gas de OML 17.