Business

Heirs Oil & Gas’ OML 17 wins PFI Africa deal of the year

Heirs Oil & Gas’ OML 17 wins PFI Africa deal of the year

Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1 billion financing and acquisition of 45% stake in OML 17 in 2021. The award ceremony which took place on Monday, May 9 2022 in London was a gathering of senior industry leaders across various sectors to celebrate excellence.

“On behalf of the HHOG team, I would like to thank PFI for this great honour which recognises the OML 17 acquisition deal, while also acknowledging the efforts of the entire team involved in the transaction.” said Executive Director, Heirs Oil & Gas, Samuel Nwanze.

The deal, which was announced in January 2021, saw Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation (Transcorp), acquire a 45% participating interest in Nigerian oil license OML 17 and related assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and ENI.

While acknowledging the award, Chief Executive Officer, Heirs Oil & Gas, Osayande Igiehon said “This great recognition reiterates our commitment to excellence in our bid to fulfil Africa’s unique energy needs and ensure that Africa’s natural resources are directed toward value creation on the continent.”

The PFI awards is organised by Project Finance International (PFI), a leading source in global project finance reporting, covering all the major sectors, including transport, power, oil & gas, infrastructure and mining.

society_admin

Recent Posts

Peter Obi, Atiku had nothing to offer -Doyin Okupe …says 2023 election was not rigged

Peter Obi, Atiku had nothing to offer -Doyin Okupe ...says 2023 election was not rigged…

15 hours ago

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List

Access Bank Named Only Nigerian Company on Forbes 2024 World’s Best Employers List   In…

2 days ago

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support To Ailing Journalists Others

Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support…

2 days ago

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS

ZENITH BANK HOLDS TECH FAIR, ‘FUTURE FORWARD 4.0’, IN LAGOS The Fourth Edition of the…

2 days ago

How Sports Can Help Boost Nigeria’s Greatness – Obasa

How Sports Can Help Boost Nigeria's Greatness - Obasa - commissioner says govt passionate about…

4 days ago

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence

Adron Homes Welcomes New Executive, Emphasizing Commitment to Professional Excellence In a strategic move to…

5 days ago