Lagos, Nigeria — August 15, 2025 | Nigerian oil and gas firm Heirs Energies has announced bold plans to double its crude oil production by 2030 while extending its operations across multiple African markets.
Chairman Tony Elumelu revealed the expansion strategy during a corporate briefing, noting that the move aligns with the company’s vision to become a leading indigenous energy player on the continent. He said the growth plan will be driven by increased investment in exploration, production efficiency, and strategic acquisitions.
“We are not just aiming to boost output; we are positioning Heirs Energies as a pan-African force in the energy sector,” Elumelu stated. “This involves deploying cutting-edge technology, nurturing local talent, and forging partnerships that drive both profitability and sustainability.”
Industry analysts say the company’s expansion will not only enhance Nigeria’s share in Africa’s oil market but also contribute to regional energy security. The growth plan includes investments in cleaner energy solutions, reflecting a gradual shift towards meeting global environmental standards.
With rising global demand for oil and gas, Heirs Energies’ ambition underscores renewed investor confidence in Africa’s energy sector and highlights the potential of indigenous companies to compete on a continental scale.