Indigenous Oil Firm Secures Loan To Strengthen Production Capacity

Heirs Energies is strengthening its oil field production capacity after securing a funding facility.
The financing transaction by the indigenous company further demonstrated that indigenous African energy companies can successfully structure and execute world-class financing solutions that support investment, growth, and value creation.
The firm operating a prolific oil and gas field in the country is set to make significant progress in its oil field development after a landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility.
The facility has been named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.
The award was p...