Heirs Holdings Sail Away in Geoje
“Tony O. Elumelu, Chairman of Heirs Holdings, an African investment company, commissioned the sail away of Seadrill Nigeria Limited’s sixth-generation drill ship, the West Jupiter. This initiative is part of the global partnership between Heirs Holdings and Seadrill Nigeria Limited. The West Jupiter is the latest addition to the Total Upstream Nigeria Limited (Total) fleet of ultra-deep water vessels operating in Nigerian waters.
The submersible deep-water drilling rig, built by Samsung Heavy Industries for Seadrill Nigeria, has the capacity to operate in 12,000 feet of water. The $1.1 billion contract to operate the ship for an initial 5-year period, was awarded to Seadrill Nigeria by Total as part of the Egina deep-water project.
Heirs Holdings is a joint venture partner and significant equity investor in Seadrill Nigeria. The commissioning is a milestone in Nigerian business presence in the offshore sector, and aligns with the Nigerian government’s policy of deeper indigenous participation in the oil and gas industry.”
– Excerpt from Heirs Holdings’ Webpage