Nigeria
Heirs Energies' $1.2bn OML 17 Acquisition Signals Indigenous Capital's Growing Role in Nigerian Oil Sector
The 2021 acquisition of a 45% stake in Oil Mining Lease 17 by Heirs Energies represents a watershed moment for indigenous participation in Nigeria's upstream sector, as African-owned entities increasingly replace international oil majors in the Niger Delta.
Tumaini Ndoye·5 min read··