As part of the deal, Heirs chairman Tony Elumelu was appointed as chairman of the board of Seadrill Mobil Units.
Heirs has already made commitments to the oil and gas exploration and production sector, by acquiring an onshore oil field OPL 281 and the oil block OPL 2008, through its affiliates Transcorp and Tenoil.
Elumelu said, "Seadrill is a significant player in the oil and gas space, with a strong track record and one of the most respected names in the industry. 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 to our country. This is an important part of our own approach of creating synergistic added value investment across the energy sector, from extraction to processing, and perhaps most importantly for Nigeria, industrial production and power generation," Elumelu added.
Seadrill Mobil Units director Svend Anton Maier said, "The partnership with Heirs Holdings creates the right mix of global technical expertise, backed by operational excellence and sound financial management to the Nigerian market. It positions the company as a local industry leader and a truly indigenous player."
