2 days ago
Nigeria's Heirs Aims to Double Oil Output, Targets Africa Growth
Nigerian oil producer Heirs Energies plans to double output by 2030 and is looking to expand across Africa, Chief Executive Officer Osa Igiehon said.
The company has boosted production from its crown asset, a permit known as Oil Mining Lease 17 that it purchased from Shell Plc in 2021, to as much as 55,000 barrels a day from around 27,000 a day earlier, Igiehon said in an interview in Windhoek, Namibia. It plans to almost double output again through additional drilling and upgrades in the next five years, he said.
