Oritsegbubemi Omatseyin
Lagos — Heirs Energies has acquired the entire 20.07% equity stake (120.4 million ordinary shares) previously held by Maurel & Prom S.A. in Seplat Energy Plc at a price of GBP3.05 pence per share, valuing the transaction at approximately US500 million.
The acquisition represents a further milestone in Heirs Energies’ long-term strategy to strengthen indigenous participation in strategic assets and accelerate sustainable energy development and security for Nigeria and Africa.
Commenting on the transaction, Tony Elumelu, Chairman of Heirs Energies, said:
“This acquisition reflects our strong belief in Africa’s ability to own, develop, and responsibly manage its strategic resources. It is a long-term investment in Nigeria’s and Africa’s energy future, and aligns with our mission to drive energy security, industrialization, and shared prosperity.
“Seplat Energy has built a resilient, well-governed platform with compelling long term prospects, and we are pleased to support its continued growth and value creation for all stakeholders.”
This landmark achievement was supported by two leading African financial institutions, Afreximbank and Africa Finance Corporation, AFC, further demonstrating Africa’s capacity to finance its own deals.
For Heirs Energies, this transaction is a clear affirmation of its long-term vision to drive energy security, industrialization, and shared prosperity, while operating with the highest standards of safety, governance, and stakeholder responsibility.
The Company has established itself as the brownfield excellence leader, having successfully addressed all the challenges that confronted onshore operations in Nigeria and has been a critical catalyst for the rejuvenation of safe and reliable onshore operations in the Niger Delta.
Heirs Energies is also a leading gas producer and supplier into Nigeria’s domestic gas market, providing fuel for over 400 megawatts of electricity generation, powering millions of homes, businesses and factories.
Seplat Energy Plc is a Nigerian independent energy company focused on oil and gas exploration, production, and gas processing, primarily in the Niger Delta. It is listed on both the Nigerian Exchange and the London Stock Exchange and is a key player in Nigeria’s energy transition.
