Renaissance Africa Energy Company Limited has announced a $15 billion investment plan to develop oil and gas assets in Nigeria’s Niger Delta over the next five years.

The company made this commitment during the 2025 Nigeria Oil and Gas Opportunities Fair (NOGOF) held in Yenagoa, Bayelsa State.Mr. Greg Akhibi, General Manager of Supply Chain at Renaissance Africa—represented by the company’s Managing Director, Chief Tony Attah—said the investment will focus on 32 projects to boost domestic and export gas, as well as oil production.

“We acquired a total of 112,000 square kilometers of onshore and shallow water assets previously held by Shell, and we intend to develop them with a focus on oil, gas, and infrastructure,” Akhibi stated.

According to him, the company aims to raise gas output from 150 million standard cubic feet per day (MMSCF/D) to 300 MMSCF/D, helped by increased offtake from the AKK pipeline.“We are looking at 22 export-focused gas projects, in addition to activities in drilling, rigs, pipelines, and fabrication,” he added.

The investment follows Renaissance Africa’s recent acquisition of Shell’s divested assets in the Niger Delta, marking a new chapter for indigenous participation in Nigeria’s energy sector.

“Renaissance Africa is committed to partnering with Nigerian companies and the NCDMB to deliver energy for Nigeria and the rest of Africa,” Akhibi emphasized.

The NOGOF event, organized by the Nigerian Content Development and Monitoring Board (NCDMB), drew over 1,000 participants aiming to deepen local participation in the oil and gas industry.