Renaissance Africa Energy has set its sights on a bold target of producing 500,000 barrels of oil and 1 billion cubic feet of natural gas per day by 2030. The consortium, comprising five energy firms, is now seeking strategic partners to help expand its operations and accelerate energy development in Nigeria.
Vision for Africa’s Energy Independence
Tony Attah, Managing Director and CEO of Renaissance Africa Energy, announced the company’s ambitious goals during African Energy Week: Invest in African Energies 2025 in Cape Town. During his address, he emphasized that the company’s mission focuses on sustainable industrialization and regional energy security.
“We are born in Nigeria and made for Africa,” Attah said. “Our goal is to become Africa’s leading energy company, enabling energy security and industrialization in a sustainable manner.”
Furthermore, he highlighted that achieving this vision requires strong collaboration across the continent and consistent investment in clean and efficient energy systems.
Strong Portfolio Anchored in Infrastructure
Renaissance Africa Energy manages an extensive portfolio across Nigeria’s upstream and midstream oil and gas sectors. The company operates 18 blocks 15 onshore and three offshore along with 46 producing fields, 643 conduits, 29 flow stations, and five gas processing plants.
Because of this robust infrastructure, Renaissance remains well-positioned to attract new investors and partners. Consequently, Attah explained that these assets will help the company boost production while meeting both domestic and export energy needs efficiently.
In addition, the company’s diverse resource base provides a competitive edge as global energy markets shift toward sustainability and localized production.
Expanding Beyond Borders
Looking ahead, Renaissance Africa Energy plans to grow beyond Nigeria and become a pan-African energy leader. Through cross-border partnerships and infrastructure investments, the company aims to strengthen Africa’s energy network and promote shared prosperity.
Its growth strategy, moreover, focuses on increasing production capacity while positioning Nigeria as a key regional energy hub capable of meeting Africa’s expanding energy demand.
In March 2025, Renaissance reached a major milestone when its consortium members ND Western, Aradel Holdings, First Exploration and Petroleum Development Company, Waltersmith Group, and Petrolin Group completed a $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria.
This landmark deal not only stands among the largest recent energy transactions in Africa but also symbolizes a shift of ownership from global operators to African entities. As a result, Renaissance strengthened its capacity in exploration, refining, and distribution while advancing its long-term sustainability goals.
Driving Sustainable Growth
Attah reaffirmed that Renaissance’s long-term vision goes far beyond oil production. In fact, the company aims to drive Africa’s industrialization and energy transition by combining growth with environmental responsibility.
“Our strategy is built around partnerships, sustainability, and innovation,” Attah explained. “By unlocking Nigeria’s oil and gas potential, we can power Africa’s development while transitioning responsibly toward cleaner energy.” read about more like this here
