Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the $1.1 billion financing and acquisition of 45% stake in OML 17 in 2021.
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In a statement by the company, Igiehon brings over 27 years of experience and expertise in the oil and gas sector with Shell, where he held a series of senior management positions.
Prior to joining the energy firm, he served as vice-president of Royal Dutch Shell in Hague, Netherlands and also as chairman and CEO of Shell Garbon.
Commenting on his appointment, Igiehon said: “HHOG represents an extraordinary opportunity, to create Africa’s first true integrated energy company, with a mission to ensure that Africa’s natural resources are directed toward value creation in Africa, powered by sustainable, robust and abundant African energy.
Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has announced the appointment of
Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.
Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW.
PRESS RELEASE: Heirs Oil & Gas Announces CEO and Board Appointments
05/07/2021 | 11:16am EDT
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DGAP-News: Heirs Oil & Gas / Key word(s): Miscellaneous
Heirs Oil & Gas Announces CEO and Board Appointments
2021-05-07 / 17:15
The issuer is solely responsible for the content of this announcement.
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Heirs Oil & Gas Announces CEO and Board Appointments
- Welcomes former senior Shell executive, Osayande Igiehon, as CEO
Lagos, 04/05/2021 - Heirs Oil & Gas (HHOG) (www.HeirsOilandGas.com), the leading African integrated energy company, has
announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a
distinguished non-executive board, bringing together leading industry figures, with considerable global and regional
Peter Uzoho
Heirs Holdings Oil & Gas (HHOG), Africa’s integrated energy company, has announced the appointment of its management board, with Mr. Osayande Igiehon as the pioneer chief executive officer.
Igiehon’s appointment took effect from May 4, 2021.
The company, in a statement yesterday, said Igiehon would be working with a non-executive board, which brings together leading industry figures with considerable global and regional experience to steer the company to growth and sustainability.
Igiehon, who joins from the Royal Dutch Shell, where he was a vice president with the group in The Hague, Netherlands, brings to HHOG, his over 27 years of experience and expertise in the oil and gas sector with Shell.