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
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