Heirs Energies has won the Best Oil & Gas Deal of the Year award at the 2026 EMEA Finance Project Finance Awards for its $750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility.

Presented in London, the award recognises one of the largest financings secured by an indigenous African energy company. 

The financing, arranged with the African Export-Import Bank (Afreximbank), underscores the increasing role of African capital in driving strategic investments that enhance energy security and economic growth across the continent. 

The facility will support field development, optimise production and advance Heirs Energies’ long-term expansion plans while maintaining disciplined capital management and creating long-term value for stakeholders.

Osa Igiehon, Chief Executive Officer of Heirs Energies, said: “This recognition reflects the confidence that African and international financial institutions continue to place in Heirs Energies, our strategy, and our long-term vision.”

Igiehon added: “The transaction demonstrates that indigenous African energy companies can successfully structure and execute world-class financing solutions that support investment, growth, and value creation. We are proud to receive this award and grateful to our financing partners, advisers, and stakeholders whose support made it possible.”

Haytham ElMaayergi, Executive Vice President, Global Trade Bank at Afreximbank, said: “This recognition underscores the importance of well-structured, Africa-focused financing in supporting indigenous energy companies with strong governance, high-quality assets and clear long-term growth plans. Afreximbank was proud to support this landmark transaction, which demonstrates how African financial institutions can help mobilise capital for strategic businesses that advance energy security, production capacity and sustainable value creation across the continent.”