Nigeria: Heirs Holdings Invests in Seadrill Mobil Units

2 September 2013

The Heirs Holdings has announced that it had made a substantial investment in Seadrill Mobil Units (Nigeria) Limited, an affiliate of one of the world's leading offshore deep-water drilling companies, Seadrill. To this end, the Chairman and founder of Heirs Holdings, Mr. Tony Elumelu, has been appointed as the Chairman of the Board of Seadrill Mobil Units.

A statement explained that the investment further revealed Elumelu's strategy of increasing African businesses participate across the oil and gas value chain, and complement existing interests in oil and gas production and exploration.

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