Heirs Oil & Gas (HHOG) has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021. It also appointed a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.
According to a statement from Heirs Holdings Limited (HH), the portfolio company, HHOG completed the acquisition of OML17 in January 2021 with a financing component of $1.1 billion.
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Mr. Igiehon joins from the Royal Dutch Shell (Shell), where he was previously a Vice-President with the Group in the Hague, Netherlands.
The board members are Tony O. Elumelu, Chairman of Heirs Holdings, United Bank for Africa (UBA), Transnational Corporation of Nigeria (Transcorp), and Founder of the Tony Elumelu Foundation; Sally Udoma, Anil Dua, Ahmadu Kida Musa, Stanley Lawson and Samuel Nwanze.
Commenting, Mr Igiehon said, “I am excited to join the Heirs Oil and Gas leadership team and look forward to the opportunity to transform the energy sector, purposefully address Africa’s energy needs and improve the lives of people across Africa.”
The board chair, Mr Elumelu said, “The regional and global expertise of our board members will serve to further drive value creation to our continent, as we execute our goal of becoming Africa’s largest, indigenous, integrated, energy company.”