(3 minutes read)
· Heirs Oil & Gas (HHOG) the leading African integrated energy company has announced the appointment of Osayande Igiehon as Chief Executive Officer.
· The company also recast the non-executive board with leading industry figures, who considerable global and regional experience
· The acquisition was valued at US$1.1 billion.
Heirs Oil & Gas (HHOG) the leading African integrated energy company has announced the appointment of Osayande Igiehon as Chief Executive Officer. The company also recast the non-executive board with leading industry figures, who considerable global and regional experience.
Heirs Holdings Limited’s (HH) portfolio company, HHOG, acquired OML17 in January 2021, in one of the largest oil and gas financings in Africa. The acquisition was valued at US$1.1 billion. Recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power. This has increased the Group’s installed electricity generating capacity to 2,000MW.
Mr. Igiehon, brings over twenty-seven years of experience and expertise in the oil and gas sector with Shell, where he held a series of senior management positions. Mr. Igiehon previously served as Chairman and Chief Executive Officer of Shell Gabon, where he led the successful turnaround of the operational, safety and financial performance.
