Nigerian Energy Consortium Seeks Partners for Ambitious Growth Plans
Renaissance Africa Energy, a newly formed consortium of five Nigerian energy companies, has announced its search for strategic partners to expand its operations and boost oil and gas development across Nigeria and Africa.
During a presentation at the African Energy Week (AEW): Invest in African Energies 2025, Tony Attah, the company’s Managing Director and CEO, outlined the consortium’s extensive asset portfolio and ambitious growth targets. “We are born in Nigeria and made for Africa. We strive to be Africa’s leading energy company, enabling energy security and industrialization in a sustainable manner,” Attah stated.
The company currently operates an impressive infrastructure network comprising 18 blocks (15 onshore and 3 offshore), 46 producing fields, 643 active conduits, 29 flow stations, and five gas plants. This robust foundation positions Renaissance Africa Energy as a significant player in Nigeria’s energy sector.
Looking ahead, the consortium has set ambitious production targets, aiming to achieve 500,000 barrels per day of liquid production and 1 billion cubic feet per day of domestic gas supply by 2030. These goals align with the company’s broader vision of becoming a pan-African energy leader.
The consortium, which includes ND Western, Aradel Holdings, First Exploration and Petroleum Development Company, Waltersmith Group, and Petrolin Group, recently marked a significant milestone by completing a $1.3 billion acquisition of Shell’s offshore subsidiary, the Shell Petroleum Development Company of Nigeria, in March 2025.
Renaissance Africa Energy’s mission extends beyond Nigeria’s borders, with a focus on promoting energy security and sustainable industrialization across the African continent. The company is now actively seeking partnerships to help realize these ambitious objectives and strengthen its position in the African energy market.
The consortium’s emergence represents a significant shift in Nigeria’s energy landscape, demonstrating the growing capability of indigenous companies to take on major roles in the country’s oil and gas sector while pursuing sustainable development goals.
