Acquired by Energy Investments Global Ltd in 2014, Heritage is a versatile organisation with a portfolio of quality assets managed by a highly experienced team with excellent technical, commercial and financial skills.
Typically focused on regions which may have been overlooked and where it can participate as an early entrant, our asset portfolio provides both geographical and operational diversification. We have a producing asset in Nigeria and exploration assets in Ghana and Papua New Guinea.
Producing
Material corporate transactions undertaken in 2012 provided a balance to the portfolio with assets that include significant production and reserves. The joint venture company Shoreline Natural Resources Limited (“Shoreline”), created in partnership with Nigerian company Shoreline Power, has established an indigenous company which will provide a platform for further growth within the country. Through Shoreline, Heritage acquired an interest in OML 30, a world-class asset. OML 30 lies onshore the Niger Delta in one of the most prolific oil provinces in the world and includes eight producing fields with oil and gas contained in numerous stacked reservoirs.
Exploration
Activity on the exploration portfolio is focused on Ghana and Papua New Guinea.
With its partners, Heritage has a 39.6% working interest in the Offshore South West Tano (OSWT) and 38.7% interest in the offshore ultra-deep water East Keta licence blocks in Ghana, in 1,300 and between 2,500 and 3,500m of water.
Heritage with its partner Kina holds attractive acreage in Papua New Guinea, a gas/condensate system close to existing and planned gas evacuation infrastructure. The proposed construction of a new LNG facility in the area increases the attractiveness of the holding.