Heirs Energies Limited has received international recognition after its $750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.

The award ceremony, held on June 3, 2026, in London, spotlighted one of the largest financing transactions secured by an indigenous African energy company, underscoring growing confidence in African-led energy enterprises.

A statement from the company highlighted that the transaction reflects the vision of its Chairman, Tony O. Elumelu, who has consistently advocated that African institutions can mobilise capital to unlock the continent’s resources, strengthen energy security, and create long-term economic value.

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The financing was executed in partnership with the African Export-Import Bank (Afreximbank), and was structured to accelerate oil field development, improve production efficiency, and support Heirs Energies’ long-term expansion plans while maintaining disciplined financial management.

Speaking at the award event, the Chief Executive Officer of Heirs Energies, Osa Igiehon, said the recognition reflects strong investor confidence in the company’s strategy and governance.

He noted that the deal demonstrates the capacity of indigenous African energy firms to structure and execute complex financing arrangements that drive investment and sustainable growth.

Afreximbank’s Executive Vice President for Global Trade Bank, Haytham ElMaayergi, also described the transaction as a model for Africa-focused financing that supports energy production, strong governance, and long-term value creation across the continent.

He added that the facility highlights how African financial institutions can play a stronger role in mobilising capital for strategic industries.

Heirs Energies’ Executive Director and Chief Financial Officer, Samuel Nwanze, further explained that the facility marks a shift in the company’s financing approach—from acquisition-led funding to a structure aligned with the long-term production profile of its reserves.

The EMEA Finance Project Finance Awards recognize standout transactions across Europe, the Middle East, and Africa, rewarding innovation, structure, and impact in project and structured finance.

The recognition positions Heirs Energies’ deal as one of the most significant indigenous-led energy financings in Africa’s recent history.