Heirs Energies Wins Global Award for $750m Oil & Gas Financing Deal
Heirs Energies Limited won 'Best Oil & Gas Deal of the Year' at EMEA Finance Project Finance Awards 2026 for its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending facility. The award was presented on June 3, 2026 in London.
Executed with African Export-Import Bank (Afreximbank), the financing will accelerate field development, optimize production, and support Heirs Energies' long-term growth ambitions while maintaining disciplined capital management. This represents one of the largest financings secured by an indigenous African energy company.
CEO Osa Igiehon stated: 'This recognition reflects the confidence that African and international financial institutions continue to place in Heirs Energies.' Afreximbank's Haytham ElMaayergi added: 'This underscores the importance of well-structured, Africa-focused financing in supporting indigenous energy companies.'
The financing marks a major milestone for Heirs Energies' evolution and demonstrates African institutions' ability to finance transformational African businesses. What does this recognition mean for Nigeria's position in global energy financing?