Heirs Energies Attributes Higher Oil, Gas Output To Security, PIA Reforms

Heirs Energies has attributed its significant growth trajectory to improved security, fiscal reforms under the Petroleum Industry Act, stronger engagement with host communities and increased participation by indigenous companies across the value chain.
The indigenous firm said that improved pipeline security had also helped the company increase the volume of crude reaching its export terminal.
In a data released in Lagos, Heirs Energies said it has raised its crude oil production to 55,000 barrels per day from 25,000 bpd in five years as indigenous operators increasingly take control of Nigeria’s oil production.
The company’s Chief Executive Officer, Osayande Igiehon, disclosed this...