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Corporate Press Releases

Asharami Energy achieves 1.8 million LTI-free man-hours, promotes responsible engineering

According to Menkiti, continuing investment, technology, self-appraisals, and peer reviews will help the oil and gas sector promote OSH standards.

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Asharami Energy achieves 1.8 million LTI-free man-hours, promotes responsible engineering

Asharami Energy, a Sahara Group Upstream Company, has achieved 1, 852,052 man-hours without Lost Time Injury (LTI) across operations driven by responsible engineering and unwavering commitment to global occupational safety and health (OSH) standards.

This feat represents LTI-free man-hours over 873 days of zero work-related incidents, enabled by the company’s robust Health, Safety, Security and Environment (HSSE) policies. In 2020, Asharami achieved 1,712,295 LTI-free man-hours, a record that surpasses the industry recording standard which is set at 1,000,000 LTI-free man-hours.

A key oil and gas sector OSH benchmark, Lost Time Injury is a measure of injury or illness resulting from a work-related event which involves lost days away from work or resulting in downtime in operations.

Henry Menkiti, Chief Operating Officer, Asharami Energy said the leading exploration and production company puts the safety and health of its workers, partners, and stakeholders above all other considerations. “We are delighted at achieving this feat of 1,852,052 LTI-free man-hours as of March 31, 2021. At Asharami Energy, we have adopted responsible HSSE policies which align our upstream operations, community relations, procurement, environmental, social and governance impact with global best practice. We are happy to be leading the charge towards promoting sustainability in Africa’s oil and gas sector,” he said.

Menkiti said Asharami’s safety and health protocols were instrumental to achieving hitch-free operations during the covid-19 pandemic which literally caused global business disruptions. “Guided by our Covid-19 Prevention and Early Detection Management Procedure as well as consistent test administration, we recorded zero cases during the period that had 2,136 employees actively involved in our operations,” he noted.

He said the company holds regular safety and health awareness campaigns and training sessions targeted at employees and stakeholders to ensure consistent levels of commitment to making safety everyone’s business. “With almost 3,000,000 work-related deaths annually and 4% of the world’s GDP attributable to lost works days globally, all businesses need to take proactive steps in mitigating workplace safety and health risks. The sustainability of work today and work as we will know it to be in the future depends on this.”

According to Menkiti, continuing investment, technology, self-appraisals, and peer reviews will help the oil and gas sector promote OSH standards which are critical to achieving sustainable growth, inclusive employment, and decent work for all. He lauded the contribution of Asharami’s employees, host communities and other partners to the company’s sterling HSSE records, adding: “Asharami Energy will continue to work towards sustaining and improving our safety machinery across all our operational touchpoints.”

Asharami Energy is one Africa’s leading independent Exploration and Production (E&P) Companies with a diverse portfolio of 9 oil and gas assets in prolific basins across Africa. Asharami Energy Limited and Sahara Energy Fields Holdings UK Limited are the entities at the forefront of Sahara’s upstream operations.

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These assets are at various stages of development ranging from exploratory fields to mature producing fields with huge potential for positive returns.

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Corporate Press Releases

Heirs Oil & Gas announces CEO and Board appointments

…Welcomes former senior Shell executive, Osayande Igiehon, as CEO.

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Heirs Oil & Gas announces CEO and Board appointments

Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience.

Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion. The transaction represents a further implementation of the HH Group strategy of creating the leading integrated energy business in Africa. Through a series of strategic portfolio holdings, HH is executing this strategy. Most recently, affiliate company, Transcorp made a US$300 million acquisition of Afam Power, increasing the Group’s installed electricity generating capacity to 2,000MW.

READ: Seplat Petroleum seals Crude Purchase Agreement with Waltersmith Petroman Oil Limited

Mr. Igiehon, who joins from the Royal Dutch Shell (Shell), where he was previously a Vice-President with the Group in the Hague, Netherlands. He brings over twenty-seven years of experience and expertise in the oil and gas sector with Shell, where he held a series of senior management positions. Mr. Igiehon previously served as Chairman and Chief Executive Officer of Shell Gabon, where he led the successful turnaround of the operational, safety and financial performance.

HHOG is also pleased to announce the appointment of the following distinguished private sector and senior industry leaders to the Board:

  • Tony O. Elumelu, CON is the Chairman of Heirs Holdings, the United Bank for Africa (UBA), Transnational Corporation of Nigeria (Transcorp), and Founder of the Tony Elumelu Foundation.
  • Sally Udoma who previously served as general counsel for Chevron Europe, Eurasia, and the Middle East Exploration and Production. Previously, she was general counsel for Sasol Chevron Consulting Limited and managing counsel at the London Legal Service Centre for Chevron Global Upstream and Gas. She has also served as general counsel and general manager for Chevron Nigeria Limited.
  • Anil Dua is a founding partner at Gateway Partners Limited, a private equity fund specialising in dynamic growth markets including Africa, the Middle East and Asia. Prior to this, Mr. Dua worked for over thirty-five years with Standard Chartered Bank in Asia, Africa, Europe and the US, where he held various roles including Regional CEO West Africa and Regional Head of Origination and Client Coverage, Africa.
  • Ahmadu Kida Musa who previously served as Deputy Managing Director of Total Exploration and Production Nigeria Limited, has over thirty-two years of experience in the Oil and Gas industry and brings considerable expertise in Nigerian oil and gas.
  • Stanley Lawson currently serves on the board of Transnational Corporation of Nigeria Plc. He is Managing Partner at Financial Advisory & Investment Consultants Ltd. Dr Lawson previously occupied the position of Group Executive Director-Finance & Accounts at Nigerian National Petroleum Corp.
  • Samuel Nwanze is the Chief Finance Officer at Heirs Oil and Gas. Prior to this he was the Chief Investment Officer at Heirs Holdings responsible for investment and capital management.

READ: Afreximbank disburses $250 million to TNOG to acquire 45% stake in oil lease

Commenting, Mr. Igiehon stated:

“HHOG represents an extraordinary opportunity, to create Africa’s first true integrated energy company, with a mission to ensure that Africa’s natural resources are directed toward value creation in Africa, powered by sustainable, robust and abundant African energy. I am excited to join the Heirs Oil and Gas leadership team and look forward to the opportunity to transform the energy sector, purposefully address Africa’s energy needs and improve the lives of people across Africa.”

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The Chairman of the Board, Tony O. Elumelu, CON, stated: “I am delighted to welcome our new board members. We are building a role model institution for African businesses and our investment in human capital is a further strong demonstration of our intent. The regional and global expertise of our board members will serve to further drive value creation to our continent, as we execute our goal of becoming Africa’s largest, indigenous, integrated, energy company.”

Heirs Oil & Gas is a leading African, indigenous owned, integrated energy company, headquartered in Nigeria, whose assets include Nigerian oil block OML17, with a current production capacity of 30,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential.

Heirs Oil & Gas (HHOG) is jointly owned by Heirs Holdings, the leading African strategic investor and affiliate company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate.

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Corporate Press Releases

Applications across Nigeria, South Africa and Kenya now open for the 2021 Facebook Community Accelerator Program

The selected leaders will spend five months learning from experts, coaches and a customised curriculum so they can strengthen their community.

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Facebook

Today, Facebook is inviting community leaders from Nigeria, South Africa and Kenya to apply for the 2021 Facebook Community Accelerator Program—a program that offers participants training, mentorship and up to $50,000 USD in funds to invest in an initiative that extends their community’s positive impact.

The aim of the Community Accelerator is to help leaders of Facebook communities to harness the power of their community to turn ideas into action. The selected leaders will spend five months learning from experts, coaches and a customised curriculum so they can strengthen their community.

Lessons include community identity foundations, leading action-oriented programmes and sustainability. Participants will also receive early access to new Facebook products aimed at helping communities better manage and activate their members.

Plan an initiative

Participants will identify an important initiative that will create a positive impact on the broader world and develop a plan to mobilise their community around their goal. Initiatives will be shared with potential partners, mentors and a panel of judges for the chance to be awarded funding and receive public recognition.

Participants will then spend three months executing their initiatives. They will collaborate with advocates and leaders in the community space and work with the Facebook team to bring their ideas to life.

Says Kiran Yoliswa, Partner Management Lead, Middle East and Africa Community Partnerships at Facebook: “Facebook communities and their leaders are helping to resolve social challenges, sharing knowledge and information, while connecting with others that share their interests or passion for a cause. We’ve seen so many incredible communities from across South Africa, Kenya and Nigeria using our platform to drive change and provide support and encouragement for thousands of people, we’re excited to offer their Facebook Community leaders this program to help amplify their impact even more.”

How to apply

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This program is open to communities that have a presence in Facebook Groups with leaders who are 18 years or older. Communities must have existed for over one year and must have a minimum size of 1,000 members. Applications open today, May 4 – 31, 2021.

The Community Accelerator is part of our Facebook Community Leadership Program, a global initiative that invests in people building communities. Learn more and apply here.

You can find out more about the 2020 Community Accelerator cohort and those who received additional funding here.

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