Renaissance Africa Energy Company Nigeria Ltd has commended the regulatory reforms of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), praising the Commission for driving its recent production growth, including a record 2.2 billion cubic feet (bcf) of gas output.
The company’s Managing Director and Chief Executive Officer, Chief Tony Attah, made this known on Tuesday, March 31, during a courtesy visit to the Commission’s headquarters in Abuja to mark its one-year anniversary.
Specifically, the CEO of Renaissance expressed appreciation for the Commission’s regulatory support, noting that the enabling environment has been critical to the company’s operational growth and ambitious expansion plans.
“The NUPRC should feel proud of the CCE here. 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 stated.
“We speak to energy security in Africa, but more importantly, the industrialisation of Nigeria… I am very proud to confirm that yesterday (30/03/2026) we delivered 2.2bcf of gas, and we beat our target of 2030,” he added.
According to Attah, the company has now raised its ambition to 3bcf by 2030, adding that the 2.2bcf milestone was achieved with 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,” he added.
In her remarks, the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, noted that Nigeria had gone through a series of divestments, with the emergence of Renaissance being a testament to the success of the latest divestment.
She said hydrocarbon production in past years saw peak production of over 2 million barrels per day and dropped to 900,000 bpd, adding that production growth is now rebounding.
Eyesan said, “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 boss assured the indigenous energy firm of its support as a business enabler, adding that in the last year, Renaissance has been responsive to the Commission. The NUPRC also called for industry support to enable operators to perform better.
Renaissance emerged as part of 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, marking a shift toward greater indigenous participation in Nigeria’s upstream sector.
Eniola Akinkuotu
Head, Corporate Communications and Media