At the Kintele Congress Centre, Igiehon participated in key panel discussions on “Energy & Investment Outlook” and “Field Development Drive: Towards 500,000 Barrels Per Day.” He provided insights on strategies to help the Republic of Congo achieve its ambitious target of producing 500,000 barrels per day.
He emphasised Heirs Energies’ success in doubling gas production to 80-100 million standard cubic feet per day, supporting Nigeria’s domestic power generation and industrial sectors. Igiedon underscored the company’s Brownfield Excellence approach as a replicable model for rapid production growth in Congo’s mature energy assets.
He said: “Within three months of acquiring OML 17 from the previous operator in 2021, we doubled production from 25,000 barrels per day to over 50,000 barrels. Today, we consistently sustain this growth, aiming to surpass 100,000 barrels per day, something previously unachieved on this block.”
The same approaches can help Congo maximise production from its mature fields.”
The forum, organised by Energy Capital & Power, in collaboration with the Republic of Congo’s Ministry of Hydrocarbons, convened government officials, industry leaders, and investors to explore strategies for Africa’s energy development.
Igiehon also emphasised the role of Africapitalism, a philosophy championed by Heirs Holdings Chairman, Tony Elumelu, as a guiding principle for sustainable energy growth.
“Driven by our Chairman, Tony Elumelu’s philosophy of Africapitalism, we are leading with private sector solutions that create shared prosperity and improve lives across Africa.
“This is the spirit of the Heirs Holdings Group; this approach is exemplified by the Tony Elumelu Foundation, which recently committed $15 million to fund 3,000 entrepreneurs across all 52 African countries. Since launching with a $100 million commitment in 2015, the Foundation has now empowered over 24,000 entrepreneurs, more than double of its initial target, catalysing job creation and economic development continent-wide,” he said.
