Doubling Gas Output to Meet Growing Demand
Speaking at the 2025 Nigeria Oil and Gas Opportunities Fair (NOGOF) in Yenagoa, Bayelsa State, Mr. Greg Akhibi, General Manager, Supply Chain at Renaissance Africa, disclosed that the company aims to raise its gas output from 150 million standard cubic feet per day (MMSCF/D) to 300 MMSCF/D. The expansion is closely linked to anticipated increased off-take through the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, which is expected to boost domestic gas utilization.
Akhibi, who represented the company's Managing Director, Chief Tony Attah, emphasized that the planned increase aligns with Nigeria’s broader energy objectives. "The ramp-up in gas production will support growing domestic energy needs while positioning Nigeria as a key player in regional energy security," he noted.
Strategic Investments in Local Content and Infrastructure
Renaissance Africa’s multi-billion-dollar investment will fund 32 oil and gas projects across various domains, including domestic gas development, exports, and crude oil production. These initiatives are part of a broader strategy to balance the company’s asset portfolio—previously tilted heavily towards gas under the ownership of Shell Petroleum Development Company of Nigeria (SPDC).
Among the 32 planned projects, 22 are dedicated to expanding gas export capacity, underscoring the company’s commitment to leveraging Nigeria’s gas-rich landscape for both local and international markets. In addition, significant capital will be deployed into oil production initiatives, covering drilling operations, rig deployment, pipeline installations, and fabrication works.
Strengthening Indigenous Participation in the Energy Sector
The unveiling of this investment plan highlights Renaissance Africa’s role as a key driver of indigenous participation in Nigeria’s oil and gas industry. Following its acquisition of SPDC in December 2024—after securing regulatory clearance from the federal government—the company now operates from a strengthened platform that combines local expertise with international support.
Renaissance Africa is a consortium of Nigerian and international energy firms, comprising ND Western Limited, Aradel Holdings Plc, FIRST Exploration and Petroleum Development Company Limited, Waltersmith Group, and the Swiss-based Petrolin Group.
Akhibi reiterated the company’s commitment to working closely with the Nigerian Content Development and Monitoring Board (NCDMB) and other stakeholders to deliver sustainable energy solutions. "We see ourselves as partners in progress, building the future of Nigeria’s energy landscape through robust local collaboration and investment," he said.
NOGOF: A Platform for Indigenous Opportunity
The announcement was made during NOGOF 2025, a strategic event hosted by the NCDMB to spotlight investment and partnership opportunities for local oil and gas companies. With over 1,000 stakeholders in attendance, the fair serves as a catalyst for aligning government policy, private capital, and local expertise to drive sector growth.
Renaissance Africa’s bold expansion plan signals renewed confidence in Nigeria’s upstream sector and highlights the growing capacity of indigenous firms to take the lead in shaping the country’s energy future.