Renaissance Africa Energy Company Nigeria Ltd announced on Tuesday that it has achieved a gas production milestone of 2.2 billion cubic feet (bcf), setting sights on 3 bcf by 2030.
The announcement was made by the company’s Managing Director and Chief Executive Officer, Chief Tony Attah, during a visit to the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) headquarters on Tuesday in Abuja to commemorate the commission’s one-year anniversary.
Chief Attah expressed gratitude for the regulatory support received from NUPRC, emphasising that the enabling environment has been pivotal to the company’s operational growth and expansion plans, according to a statement released by the NUPRC’s spokesman, Eniola Akinkuotu.
“Looking at the transformation happening in the industry and the regulatory side, we do not have a better team to drive the industry in the whole of Africa than the NUPRC team,” Attah said.
He added: “We speak to energy security in Africa, but more importantly, the industrialisation of Nigeria, I am very proud to confirm that Tuesday (30/03/2026) we delivered 2.2 bcf of gas, and we beat our target for 2030.”
The Renaissance CEO also revealed that the company has raised its production ambition to 3 bcf by 2030.
He highlighted that the 2.2 bcf milestone was achieved largely through the commission’s support as a business enabler.
“We want to run 10–15 Field Development Plans (FDPs) per year. It will be near impossible to churn out any FDP without the commission itself.
”So, we will be needing your help to pursue this ambition,” Attah said.
In her remarks, NUPRC Chief Executive Mrs. Oritsemeyiwa Eyesan lauded Renaissance’s achievements, noting that the emergence of the company reflects the success of recent divestments in the sector.
She said Nigeria’s hydrocarbon production, which peaked at over 2 million barrels per day in the past, had dropped to 900,000 bpd but is now rebounding.
Eyesan added: “We are back on the upward trajectory, and Renaissance will play a major role in the storyline.
”At the time of initiating the divestment, there was a lot of apprehension, given that past divestments saw some successful, some not so successful, and some just on the borderline.
“The apprehension was, can Nigeria really step into the shoes of an IOC and do justice to the assets? I think today, Renaissance has demonstrated that the apprehension was just a breeze.”
The NUPRC chief also assured the indigenous energy firm of continued regulatory support, emphasising that Renaissance has been responsive over the past year.
She called on industry stakeholders to provide further support to enable operators to perform more effectively.
Renaissance emerged from the recent divestment of onshore assets by international oil companies, notably acquiring Shell Petroleum Development Company of Nigeria’s (SPDC) onshore and shallow water assets.
The move marks a shift toward increased indigenous participation in Nigeria’s upstream oil and gas sector.
