Heirs Energies Limited has won international recognition after its landmark $750m dual-tranche senior secured reserve-based lending facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.
In a statement on Sunday, the company said the award was presented on 3 June in London, recognising one of the largest financings secured by an indigenous African energy company.
According to the company, the transaction, executed with the African Export-Import Bank, was structured to accelerate field development, optimise production and support Heirs Energies’ long-term growth ambitions while maintaining disciplined capital management.
The company said the financing reflected the vision of its Chairman, Tony Elumelu, that African institutions and African-led businesses can successfully mobilise capital to unlock the continent’s resources, advance energy security and create long-term economic value.
Commenting on the recognition, the Chief Executive Officer of Heirs Energies, Osa Igiehon, said, “This recognition reflects the confidence that African and international financial institutions continue to place in Heirs Energies, our strategy, and our long-term vision.
