Heirs Energies, Renaissance partner to boost Nigeria’s oil, gas development

Heirs Energies Limited and Renaissance Africa Energy Company have reaffirmed their shared commitment to fostering strategic collaboration to advance Nigeria’s oil and gas development.

According to a statement on Tuesday, they also expressed commitment to boosting hydrocarbon production by empowering indigenous operators and enhancing their capacities and opportunities.

The independent producers spoke during a high-level courtesy visit by Osa Igiehon, Heirs Energies’ chief executive officer (CEO), to the Renaissance team led by Tony Attah, its managing director.

According to a statement issued by Heirs Energies on Tuesday, the meeting marked the first formal engagement between the companies following Renaissance’s successful takeover of Shell Petroleum Development Company (SPDC).

Heirs Energies said discussions centred on mutual priorities and a shared commitment to transforming Nigeria’s oil and gas sector through indigenous innovation and leadership.

Speaking at the meeting, Igiehon underscored the importance of indigenous companies leading Nigeria’s energy transformation.

“We are happy to connect with the leadership of Renaissance and congratulate them on their successful deal and transition,” he said.

“As indigenous firms, we all have a duty to the continued development of the industry.

“The thinking and how we approach things will be different now, as we’re both indigenous companies committed to Nigerian excellence and driving unprecedented production growth.”

‘THE COLLABORATION WILL RESHAPE NIGERIA’S ENERGY LANDSCAPE’

Igiehon also highlighted the synergy between the two organisations and the potential of their partnership to drive transformative change.

“Heirs Energies and Renaissance are closely linked, and we’re looking forward to continued collaboration that will not only benefit our companies but fundamentally reshape Nigeria’s energy landscape,” he said.

“Together, we have the capability and commitment to accelerate production across our assets and drive the kind of innovation that will position Nigeria as a global energy leader.”

Attah, in his remarks, expressed enthusiasm for the partnership, describing it as a milestone in advancing shared industry goals.

“We are happy to connect and engage with Heirs Energies. This collaboration represents a significant step forward as we pursue our shared vision for the industry,” he said.

“Renaissance is on a journey to drive increased production and development across the entire value chain, and partnering with like-minded indigenous companies like Heirs Energies is fundamental to achieving these objectives.”

According to the statement, the partnership between Heirs Energies and Renaissance marks a significant shift towards leveraging homegrown expertise and innovation in Nigeria’s oil and gas industry.

The statement added that both companies bring complementary strengths and shared values.

Heirs Energies said the qualities position them to accelerate production growth through innovative approaches, aiming to develop local capacity and expertise across the energy value chain.

Additionally, the statement noted that the collaboration seeks to drive sustainable industry practices that benefit Nigerian communities, also leveraging indigenous knowledge and understanding of local operating environments.

Furthermore, Heirs Energies said they intend to create synergies that enhance operational efficiency and market competitiveness.