…reiterates commitment to continue to increase production
LAYI Fatona, chairman of Renaissance Africa Energy Company Limited, led a team of company executives, including Tony Attah, managing director, on a courtesy visit to Wale Edun, minister of Finance, at his office in Abuja.
This is part of Renaissance’s of Finance and Coordinating Minister of the Economy, engagement with key stakeholders since it finalised, in March 2025, the landmark purchase of SPDC shares, taking full ownership of SPDC’s 30% participating interest in the joint venture.
The meeting enabled the Renaissance team to reiterate its commitment to the Federal Government’s economic priorities to increase oil and gas output, improve revenue generation for the country and deepen Nigerian Content and Nigerians’ participation in the industry. Renaissance’s success in ramping up production to over 200, 000 barrels per day in the first month of taking over the operations of the JV earned the company applause from Edun.
Figure 1 From left, Chairman of the Board of the Renaissance Africa Energy Company Limited, Dr. Layi Fatona; Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun; and the Managing Director and Chief Executive Officer of Renaissance, Tony Attah, during a recent visit to the minister in Abuja.
Renaissance is a dynamic and rapidly expanding energy leader, committed to powering Nigeria and Africa’s energy security and industrialisation through sustainable energy solutions. As the operator of Nigeria’s largest oil and gas Joint Venture assets (NNPC/Renaissance/TotalEnergies/AENR JV), Renaissance produces from diverse onshore, swamp, and shallow water locations across the Niger Delta. The JV’s participating interests are: NNPC (55%), Renaissance (30%), TotalEnergies (10%), and AENR (5%).
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