Renaissance Africa Energy Company Limited is the integrated energy operator born from the March 2025 acquisition of Shell's SPDC shareholding by Renaissance HoldCo.
Renaissance Africa Energy Company Limited (“Renaissance”) is a leading integrated energy company committed to advancing energy security and industrialisation across Nigeria and the African continent through sustainable and innovative solutions.
Formerly known as The Shell Petroleum Development Company of Nigeria Limited (SPDC), Renaissance emerged on March 13, 2025, following the landmark acquisition by Renaissance Africa Energy Holding Limited (“Renaissance Holdco”), a British Virgin Island-incorporated company.
Renaissance Holdco is jointly owned by a consortium of four Nigerian and one international companies, namely ND Western Limited; Aradel Energy Limited; Waltersmith Petroleum Development Company Limited; First Exploration and Petroleum Development OML 34 Limited; and Petrolin Trading Limited.
Building on over six decades of operational excellence by SPDC, Renaissance now operates Nigeria's largest upstream joint venture, transitioning from a legacy brand to a bold, Afrocentric energy leader.
In partnership with the Nigerian National Petroleum Company Limited (NNPC), TotalEnergies Limited, and Agip Energy and Natural Resources (Nigeria) Limited (AENR), Renaissance manages a robust portfolio of 18 oil mining leases spanning onshore, swamp, and shallow water terrains in the Niger Delta. Renaissance also operates key export infrastructure, including the Bonny and Forcados terminals and the Sea Eagle Floating Production Storage and Offloading (FPSO) vessel, demonstrating its technical depth and adaptability in complex environments.
How Africa's newest integrated energy company emerged from six decades of operational heritage.
Formerly known as The Shell Petroleum Development Company of Nigeria Limited (SPDC), Renaissance emerged following the landmark acquisition by Renaissance Africa Energy Holding Limited — a British Virgin Island-incorporated company.
Renaissance Holdco is jointly owned by ND Western, Aradel Energy, Waltersmith Petroleum, First E&P (OML 34) and Petrolin Trading.
Building on over 60 years of operational excellence by SPDC, Renaissance now operates the country's largest upstream JV — transitioning from a legacy brand to a bold, Afrocentric energy leader.
In partnership with NNPC, TotalEnergies and AENR, Renaissance manages 18 OMLs across onshore, swamp and shallow water — plus the Bonny and Forcados terminals and the Sea Eagle FPSO.
Following the acquisition of Shell's shareholding in SPDC by Renaissance HoldCo in March 2025, the company was rebranded as Renaissance Africa Energy Company Limited. It continues to serve as operator of the joint venture comprising NNPC (55%), Renaissance (30%), TotalEnergies (10%), and AENR (5%).
Enabling energy security and industrialisation through sustainable practices — for the people and the planet.
RENAISSANCE is on a dynamic journey to evolve into a world-class energy powerhouse, unleashing the entirety of our growth potential through collaborative efforts.
Seamlessly weaving through the midstream value chain and fortifying our core capabilities, we stand ready to be the cornerstone of national development and industrialisation, signalling a new era of unparalleled progress.