Renaissance Energy Africa Urges Investors to Deploy Technology for Maximizing Oil and Gas Assets
By Naija Enquirer Staff
Renaissance Africa Energy Company Limited has urged investors to embrace deeper strategic thinking and adopt cutting-edge technologies to maximize existing oil and gas assets, while calling on African nations to take full ownership of the continent’s hydrocarbon resources.
Igniting Africa’s Energy Revolution
Speaking on Tuesday, September 30, 2025, during a high-level panel session themed Frontier Plays in Mature Basins at the Africa Energy Week in Cape Town, South Africa, Chairman of Renaissance Energy Africa, Dr. Layi Fatona, emphasized the need for transformation in Africa’s energy approach.
“We are sitting on immense natural wealth, yet we remain dependent. This must change. Renaissance is here to ignite that change, starting from Nigeria and spreading across the continent,” Fatona said.
Technology as a Key Enabler
Fatona stressed that the future of exploration and production in mature basins lies in advanced technologies, citing improved seismic imaging and modern rig capabilities capable of drilling high-pressure, high-temperature deep wells as vital tools for unlocking untapped potential.
He further noted that depleted reservoirs in regions such as the Niger Delta, Sirte Basin, and Lower Congo Basin could be repurposed for carbon capture and storage, a development that would advance Africa’s decarbonisation and energy transition agenda.
From Extraction to Transformation
According to Fatona, mature basins should no longer be seen as relics but as vital bridges to a cleaner, more secure energy future. He urged leaders across Africa to deepen strategic approaches, embrace innovation, and deploy technologies that enhance efficiency and sustainability.
“The opportunity is here. The time is now. Let us lead our own energy revolution,” he declared.
About Renaissance Energy Africa
Renaissance Energy Africa, formerly The Shell Petroleum Development Company of Nigeria Limited, operates as a wholly owned subsidiary of Renaissance Africa Energy Holding Company. The firm is also the operator of Nigeria’s largest upstream joint venture, which includes NNPC Limited, TotalEnergies, and Agip Energy and Natural Resources.
