African integrated energy company Heirs Energies has been awarded the Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. The win is based on Heirs Energies’ $750 million (€651 million) dual-tranche Senior Secured Reserved Based Lending facility.
The financing is structured to ‘accelerate field development, optimise production and support Heirs’ long-term growth ambitions, while maintaining disciplined capital management’.
The award recognises one of the largest financings secured by an indigenous African energy company. According to Heirs Energies’ chairman, Tony O Elumelu, CFR, this award highlights ‘that African institutions and African-led businesses can successfully mobilise capital to unlock the continent’s resources, advance energy security and create long-term economic value’.
Osa Igiehon, chief executive officer of Heirs Energies, states: ‘This recognition reflects the confidence that African and international financial institutions continue to place in Heirs Energies, our strategy and our long-term vision. The transaction demonstrates that indigenous African energy companies can successfully structure and execute world-class financing solutions that support investment, growth and value creation. We are proud to receive this award and grateful to our financing partners, advisers and stakeholders whose support made it possible.’
