Renaissance Africa Energy Company Limited has announced a bold investment plan of $15 billion over the next five years to develop its energy infrastructure across onshore and shallow-water oil fields in Nigeria’s Niger Delta.
The company, a consortium of indigenous oil firms, acquired these assets following Shell Petroleum Development Company’s divestment from onshore operations in the region.
Focus on Indigenous Participation & Gas Expansion
Speaking at the 2025 Nigeria Oil and Gas Opportunities Fair (NOGOF) in Yenagoa, Renaissance Africa’s Managing Director, Tony Attah, represented by Greg Akhibi, General Manager, Supply Chain, emphasized that the investment would focus on 32 key projects. These will span:
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Domestic and export gas development
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Crude oil production expansion
“We acquired 112,000 km² of oil and gas assets, primarily gas-weighted, and our strategy is to rebalance the portfolio to include more oil-focused operations,” said Akhibi.
The company aims to increase gas output from 150 MMSCF/D to 300 MMSCF/D, supported by increased demand from the AKK Gas Pipeline project.
Commitment to Local Content
Renaissance Africa reaffirmed its commitment to working closely with the Nigerian Content Development and Monitoring Board (NCDMB) to boost the role of local firms in the oil and gas sector and to provide sustainable energy for Nigeria and the African continent.