Peter Uzoho
Heirs Energies, Africa’s main indigenous built-in vitality firm, has acquired the whole 20.07 p.c fairness stake (120.4 million abnormal shares) beforehand held by Maurel & Promenade S.A. in Seplat Vitality Plc at a worth of GBP3.05 pence per share, valuing the transaction at roughly $500 million.
The acquisition represents an extra milestone in Heirs Energies’ long-term technique to strengthen indigenous participation in strategic property and speed up sustainable vitality improvement and safety for Nigeria and Africa.
Commenting on the transaction, Chairman of Heirs Energies, Tony Elumelu, stated: “This acquisition displays our sturdy perception in Africa’s means to personal, develop, and responsibly handle its strategic sources. It’s a long-term funding in Nigeria’s and Africa’s vitality future, and aligns with our mission to drive vitality safety, industrialization, and shared prosperity.
“Seplat Vitality has constructed a resilient, well-governed platform with compelling long-term prospects, and we’re happy to assist its continued development and worth creation for all stakeholders.”
The landmark achievement was supported by two main African monetary establishments—Afreximbank and the Africa Finance Company — additional demonstrating Africa’s capability to finance its personal offers.
Heirs Energies Restricted is Africa’s main indigenous-owned built-in vitality firm, dedicated to assembly Africa’s distinctive vitality wants whereas aligning with world sustainability objectives.
Having a powerful give attention to protected operations, innovation-driven development, environmental accountability, and creating shared prosperity for all stakeholders, Heirs Energies leads within the evolving vitality panorama and contributes to a extra affluent Africa.
Heirs Energies operates OML 17 within the Niger Delta, producing over 50 thousand barrels of oil per day (50 kbopd) and 120 million cubic toes of gasoline per day (120 mmcfd), with a reserves base of over 1.5 billion barrels of oil (MMBo) and a pair of.5 trillion cubic toes of gasoline (Tcf).
Since its debut in 2021, Heirs Energies has established itself because the brownfield excellence chief, having efficiently addressed all of the challenges that confronted onshore operations in Nigeria and has been a crucial catalyst for the rejuvenation of protected and dependable onshore operations within the Niger Delta.
Heirs Energies is a number one gasoline producer and provider in Nigeria’s home gasoline market, offering gas for over 400 megawatts of electrical energy era, powering hundreds of thousands of properties, companies, and factories.
However, Seplat Vitality Plc is a Nigerian impartial vitality firm centered on oil and gasoline exploration, manufacturing, and gasoline processing, primarily within the Niger Delta. It’s listed on each the Nigerian Alternate and the London Inventory Alternate and is as a key participant in Nigeria’s vitality transition.
Seplat Vitality as at December 31, 2024, had 2P reserves of 1.043 billion barrels of oil equal (MMBoe) and dealing curiosity manufacturing 135.6 kboepd as at 31 October 2025.
