Heirs Holdings, a financial company, has announced that it has made a ‘substantial’ investment in offshore drilling company Seadrill’s Nigeria unit
The pan-African investment company, however, did not divulge details on its participation in Seadrill Mobile Units, an offshoot of the drilling company.
Tony Elumelu, chairman of Heirs Holdings, said, “The partnership makes strong commercial sense, bringing together a major global player and a leading African participant in the oil and gas industry.
“Successful development of Nigeria’s deep water oil and gas fields is of strategic importance for our country.”
Svend Andon Maier, director of Seadrill’s Nigeria arm, said, “The partnership creates the right mix of global technical expertise, backed by operational excellence and sound financial management to the Nigerian market.”