NNPC/Heirs Energies JV Seals Flare-Gas Deals With 5 Firms
The NNPC/Heirs Energies OML 17 Joint Venture has signed flare-gas commercialisation agreements with five firms to cut flaring and expand domestic gas supply.
Heirs Energies’ Chief Executive, Mr Osa Igiehon, said in Lagos on Tuesday that the signing “advances Nigeria’s gas commercialisation and environmental stewardship agenda.”
He said the deals were concluded under the Nigerian Gas Flare Commercialisation Programme and approved non-NGFCP frameworks. The agreements involve AUT Gas, Twems Energies, Gas and Power Infrastructure Development Ltd., PCCD, and Africa Gas and Transport Company Ltd.
Officials said the initiative aims to end routine flaring and use previously wasted gas for productive domestic purposes. Igiehon said the milestone moves the JV “from regulatory approval to full commercial execution,” enabling OML 17 flare gas to support power, industry, LPG and CNG.
He said the agreement highlights the JV’s gas-led strategy and long-term value creation for Nigeria. “Gas sits at the heart of Nigeria’s development journey,” he said, adding that investment and credible partnerships are “converting waste into value.”
He said the projects build on recent improvements, including higher domestic gas deliveries through brownfield enhancements and infrastructure optimisation.
According to him, the JV has strengthened host-community engagement through health, education and skills programmes. “With today’s symbolic signing, offtakers will now proceed to full project implementation,” he added.
The Chief Upstream Investment Officer of NUIMS, Mr Seyi Omotowa, said the milestone shows Nigeria’s commitment to gas-based growth.
“For us, flare-gas commercialisation is not just compliance; it is a strategic pathway to improving energy availability and deepening industrialisation,” he said.
He added that OML 17 “has become a model,” moving swiftly from approval to delivery. He commended Heirs Energies for “disciplined execution and investment,” noting the JV’s benchmark performance in the upstream gas space.
The Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, represented by Mr Ojo Olalekan, a senior manager, reaffirmed regulatory support.
He described flare-gas commercialisation as central to Nigeria’s decarbonisation route under the Petroleum Industry Act. “This ceremony demonstrates Heirs Energies’ commitment to eliminating routine flaring across OML 17,” he said.
He said the initiative aligns with national energy and emission-reduction goals. Heirs Energies is an indigenous integrated energy firm focused on responsible operations, domestic gas expansion and strong community partnerships.
As operator of OML 17, the company says it remains committed to brownfield excellence and sustainable energy delivery. Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset
