Renaissance Africa Energy, a consortium of five energy companies, has announced it is seeking partners and investors to help grow its portfolio and drive oil and gas development in Nigeria.
The announcement was made by Mr Tony Attah, Managing Director and CEO of Renaissance Africa Energy during a briefing at the ongoing African Energy Week (AEW): Invest in African Energies 2025 conference.
“We are born in Nigeria and made for Africa,” Mr Attah stated, adding, “We strive to be Africa’s leading energy company, enabling energy security and industrialization in a sustainable manner.”
Renaissance, comprising ND Western, Aradel Holdings, First Exploration and Petroleum Development Company, Waltersmith Group and Petrolin Group, had in January 2024 agreed to buy Shell’s onshore subsidiary for $1.3 billion.
However, in late August, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) blocked the sale over technical, managerial, and financial concerns. However, ministerial approval came in December 2024, effectively moving the transaction forward.
In March 2025, the consortium completed the $1.3 billion acquisition of Shell’s offshore subsidiary, the Shell Petroleum Development Company of Nigeria.
The same also promoted criticisms from groups like Amnesty International, which worried about whether local buyers could handle legacy environmental liabilities associated with the assets.
During the presentation, Mr Attah highlighted a strong portfolio of investment opportunities for companies to partner with Renaissance Africa Energy in Nigeria’s oil and gas sector.
He noted that extensive infrastructure supports the company’s portfolio of 18 blocks – 15 onshore and three offshore – 46 producing fields, 643 active conduits, 29 flow stations and five gas plants.
Meanwhile, Mr Attah also announced Renaissance Africa Energy’s growth ambitions to support its ambitions to become a pan-African oil and gas company.
The company has set a target to increase liquid production to 500,000 barrels per day by 2030 and 1 billion cubic feet per day of domestic gas supply.
According to a statement, Renaissance stated that its vision is to be Africa’s leading energy company, enabling energy security, and industrialization across the continent in a sustainable way.