Heirs Energies eyes Congo expansion

Heirs Energies, a leading energy company, is gearing up for expansion into the Republic of Congo as part of its Pan-African growth strategy. In an exclusive interview with CNBC Africa's Kenneth Igbomor at the Congo Energy and Investment Forum, CEO Osayande Igiehon outlined the company's commitment to leveraging its expertise in optimizing mature oil fields to bolster Congo's oil production targets. Igiehon highlighted Heirs Energies' successful track record in Nigeria, specifically with its OMS-17 asset, which saw a significant increase in oil and gas production shortly after operational control was assumed in 2021. The company's brownfield excellence model, focused on revitalizing mature assets, positions it as a key player in driving value and growth in the energy sector. With Congo aiming to ramp up oil production from 270,000 to 500,000 barrels per day, Heirs Energies' proven capabilities make it a strategic partner for the country's energy ambitions. The company's timeline for expansion involves swift turnaround strategies for underperforming assets, backed by a deep understanding of legal, regulatory, and fiscal frameworks in target markets. While specific details of ongoing discussions with the Congolese government remain confidential, Heirs Energies is poised to make a significant impact in the country's energy market, guided by a vision of shared prosperity and sustainable growth. Looking beyond oil and gas, the company's broader group, Hares Holdings, aims to develop an integrated energy business across Africa, focusing on addressing the continent's energy needs comprehensively. With a strategic focus on upstream operations and gas-to-power initiatives, Heirs Energies is well-prepared to capitalize on emerging opportunities in Congo and beyond. Reflecting on his return to Central Africa, Igiehon emphasized the familial ties that transcend national borders, underscoring the interconnectedness of the continent's energy landscape. His strong sense of belonging and nostalgia for past experiences in the region signal Heirs Energies' long-term commitment to establishing a presence in Congo and fostering sustainable energy development. The company's strategic entry into Congo reflects a broader vision for sustainable growth and collaboration in Africa's dynamic energy sector, setting the stage for a transformative partnership between Heirs Energies and the Republic of Congo.