About Renaissance Africa Energy Company Limited:

Renaissance Africa Energy Company Limited (Renaissance) is a dynamic and rapidly growing Nigerian energy leader, strategically positioned to drive energy security and industrialisation across Nigeria and the broader African continent through sustainable energy solutions. Built on a foundation of operational excellence and a commitment to local value creation, Renaissance has swiftly emerged as a significant player in the region's energy landscape with its recent acquisition of The Shell Petroleum Development Company of Nigeria (SPDC).

This landmark acquisition, finalised in March 2025, saw Renaissance Africa Energy Holdings, a consortium of strong and experienced Nigerian independent oil and gas companies – ND Western Limited; Aradel Holdings Plc; FIRST Exploration and Petroleum Development Company Limited; and the Waltersmith Group, alongside the international energy group Petrolin - take full ownership of SPDC's onshore assets. This powerful coalition brings together extensive operational experience within the Niger Delta and a shared vision for the future of Nigeria's energy sector. The collective asset base of Renaissance's shareholder companies exceeds $3 billion, with a current safe production capacity of approximately 100,000 barrels of oil per day from 12 operational licences, further demonstrating their robust standing in the energy landscape. These companies also operate two fully functional modular refineries within Nigeria, highlighting their commitment to the entire energy value chain.

As the operator of Nigeria’s largest oil and gas exploration and production joint venture (NNPC/Renaissance/TotalEnergies/AENR JV), Renaissance holds a pivotal role in the nation's energy production. This extensive asset portfolio encompasses diverse operational environments, including onshore fields, swamp terrains, and shallow water locations in parts of the Niger Delta, showcasing the company's adaptability and technical expertise in complex operating conditions.

Renaissance is committed to responsible resource management and sustainable practices, recognising the importance of minimising environmental impact while maximizing economic benefits for Nigeria and its stakeholders. The company places a strong emphasis on fostering positive relationships with local communities, government bodies, and its JV partners.

The participating interests in the NNPC/Renaissance/TotalEnergies/NAER JV underscore the collaborative nature of this significant energy undertaking:

• Nigerian National Petroleum Company Limited (NNPC): 55%
• Renaissance Africa Energy Company Limited: 30%
• TotalEnergies: 10%  
• Agip Energy and Natural Resources Ltd. (AENR) 5%

Renaissance is driven by a vision to meet Nigeria's current energy demands and to contribute significantly to the continent's future energy security and industrial growth through innovation, strategic partnerships, and a steadfast commitment to sustainability. The company's early successes in operational efficiency and production highlight its potential to be a key contributor to the African energy sector.