Heirs Holdings acquires stake in offshore drilling firm

Heirs Holdings acquires stake in offshore drilling firm

Heirs Holdings has acquired significant stake in Seadrill Mobil devices (Nigeria) restricted, a West African affiliate of latest York listed global offshore drilling firm, Seadrill.

in consequence, the Chairman of Heirs Holdings, Mr. Tony Elumelu, in line with a statement on Thursday, has been appointed as chairman of the board of Seadrill Mobil gadgets.

The observation added that the investment was an additional evidence of Elumelu’s technique of accelerating African industry participation across the oil and gasoline price chain, and complement current interests in oil and fuel production and exploration.

Seadrill, the arena’s top offshore driller, is listed on both the new York and Oslo inventory exchanges, and operates the 2d largest extremely-deepwater fleet and greatest top rate jackup fleet in the business with 7,500 workers in 15 international locations.

Commenting on the investment, Elumelu used to be quoted to have stated, “Seadrill is a big participant within the oil and fuel space, with a robust observe record and some of the revered names in the business. The partnership makes strong commercial experience, bringing together a tremendous global player and a number one African participant within the oil and gasoline business.

“successful construction of Nigeria’s deep water oil and gasoline fields is of strategic importance to our us of a. this is crucial part of our personal way of making synergistic brought value funding throughout the power sector, from extraction to processing, and possibly most significantly for Nigeria, industrial manufacturing and power era.”