Renaissance Africa Energy Targets 500,000 Bpd Production by 2030

Renaissance Africa Energy Company has announced plans to increase crude oil production to 500,000 barrels per day by 2030 as part of efforts to support Nigeria’s energy security and strengthen domestic industrial growth.

The company, operator of the NNPC/Renaissance/TotalEnergies/AENR Joint Venture, said the production target forms part of a broader strategy focused not only on output expansion but also on economic value creation, sustainability and domestic energy development.

Vice President for Relations and Sustainable Development at Renaissance Africa Energy, Igo Weli, disclosed the target on Thursday during the launch of a four-day community eye-care outreach programme in B-Dere community, Gokana Local Government Area of Rivers State.

The initiative, tagged “B-Dere Vision First Plus”, was organised by the Renaissance Africa Joint Venture in partnership with the Kolmarg Eyesight Foundation.

Represented by the company’s General Manager for Health, Akinwumi Fajola, Weli said Renaissance remained committed to supporting increased oil and gas production while advancing domestic gas utilisation as a driver of industrialisation.

“You would have read the many media reports that highlight how we continue to support oil and gas production in Nigeria,” he said.

“Along with an impressive target of 500,000 barrels of oil by the year 2030, we continue to bring the spotlight on domestic gas utilisation and how we can make this a catalyst to power our nation’s industrialisation.”

According to him, Renaissance is positioning itself as a leading African energy company focused on strengthening energy security while supporting sustainable economic development.

He noted that the company had already contributed significantly to Nigeria’s production recovery efforts by helping to boost national crude output by more than 200,000 barrels per day.

Weli added that the joint venture currently delivers about 1.9 billion cubic feet of gas daily to the Nigeria LNG plant in Bonny, supporting both export earnings and domestic industrial activities.

Excluding its production ambitions, the company also used the outreach programme to emphasise the importance of healthcare interventions within host communities.

Weli noted that visual impairment remained a major public health challenge globally and in Nigeria, with millions suffering from avoidable blindness linked to cataracts and uncorrected refractive conditions.

He said findings from the company’s Health-In-Motion programme aligned with global trends showing that many visual impairments associated with ageing could be prevented through early diagnosis and treatment.

The Renaissance executive also commended the Rivers State Government and the Ministry of Health for their continued support in delivering healthcare services across communities.

He further acknowledged the company’s joint venture partners, including NNPC Limited, represented by NNPC Upstream Investment Management Services, alongside TotalEnergies and AENR, for supporting both production activities and social investment programmes.

Speaking at the event, Head of Business Services at NNPC Upstream Investment Management Services, Nkechi Anaedobe, who represented the Chief Upstream Investment Officer, Seyi Omotowa, said the joint venture remained committed to improving living conditions in host communities.

Anaedobe disclosed that participation in the eye-care programme had already exceeded the initial target of 5,000 beneficiaries.

Also speaking, Permanent Secretary of the Rivers State Ministry of Health, Vincent Wachukwu, urged residents to enrol in the state’s contributory health protection scheme to access affordable healthcare services.

Executive Director of Kolmarg Eyesight Foundation, Prof. Olukorede Adenuga, described the outreach as a life-changing intervention that had restored sight and improved quality of life for thousands of beneficiaries across several communities.