ERNEST NZOR in this report writes on economic importance of the bold move by Heirs Holdings’ successful acquisition of a 45 per cent participating interest in Oil Mining Licence17 and what the deal signifies for NigeriaAnalysts have said that the HEIRS Holdings $1.
He said, “For us as an investment group, we love turnaround opportunities. To take things that are not functional as they should be to a level where they can maximize their capabilities. This asset has about 1.2bn barrels of oil equivalent. It also has about additional 1 billion barrel of oil from exploration opportunities and about 2.2TCL of gas. Huge amount of gas that if we’ll develop it, can contribute to economic development as a whole.
On community development, he said: “Community engagement and relations are extremely important, not just only in the oil and gas business, but in every business. At Heirs Holdings, we have a track record of being able to relate and work with the communities across all our businesses. We have investments in financial services, health care, power, hospitality, and in all of these businesses, we have engaged and interacted with the communities.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.