Historic Milestone: Shell’s $2.4B Asset Acquisition Marks New Era in Nigeria’s Oil Sector – ND Western CEO ️
Nigeria’s oil and gas sector has entered a new phase of growth with the successful $2.4 billion acquisition of Shell Petroleum Development Company’s (SPDC) assets by Renaissance Africa Energy Company, a consortium of ND Western Limited and other key players.
A Defining Moment for the Industry
Lanre Kalejaiye, CEO of ND Western Limited, described the acquisition as a landmark deal that reinforces Nigeria’s energy security, economic growth, and local capacity development.
“This represents a defining moment for Nigeria’s oil and gas industry. As a partner in Renaissance Africa Energy Company, ND Western is committed to leveraging our technical and operational expertise to sustain and grow production from the Renaissance assets,” Kalejaiye stated.
The Power Players Behind the Deal
The Renaissance Africa Energy Company consortium includes:
✅ ND Western Limited
✅ Aradel Holdings Plc
✅ FIRST Exploration and Petroleum Development Company Limited
✅ Waltersmith Group
✅ Petrolin Group (International Energy Company)
Boosting Energy Security & Economic Growth
With this acquisition, Renaissance aims to:
Enhance Nigeria’s energy security Drive industrial and economic growth Create jobs and opportunities Strengthen local capacity development
️ Renaissance’s Growing Influence
The successful completion of this deal cements Renaissance as a major player in Nigeria’s upstream oil sector, ensuring that indigenous companies continue to play a leading role in developing the country’s hydrocarbon resources sustainably.
What’s next? ND Western and its partners are now set to deliver sustainable energy solutions that will benefit Nigeria’s economy for years to come.
#OilIndustry #EnergySector #ShellNigeria #NDWestern #RenaissanceEnergy #Investment #NigeriaEconomy
Nigeria’s oil and gas sector has entered a new phase of growth with the successful $2.4 billion acquisition of Shell Petroleum Development Company’s (SPDC) assets by Renaissance Africa Energy Company, a consortium of ND Western Limited and other key players.
A Defining Moment for the Industry
Lanre Kalejaiye, CEO of ND Western Limited, described the acquisition as a landmark deal that reinforces Nigeria’s energy security, economic growth, and local capacity development.
“This represents a defining moment for Nigeria’s oil and gas industry. As a partner in Renaissance Africa Energy Company, ND Western is committed to leveraging our technical and operational expertise to sustain and grow production from the Renaissance assets,” Kalejaiye stated.
The Power Players Behind the Deal
The Renaissance Africa Energy Company consortium includes:
✅ ND Western Limited
✅ Aradel Holdings Plc
✅ FIRST Exploration and Petroleum Development Company Limited
✅ Waltersmith Group
✅ Petrolin Group (International Energy Company)
Boosting Energy Security & Economic Growth
With this acquisition, Renaissance aims to:
Enhance Nigeria’s energy security Drive industrial and economic growth Create jobs and opportunities Strengthen local capacity development
️ Renaissance’s Growing Influence
The successful completion of this deal cements Renaissance as a major player in Nigeria’s upstream oil sector, ensuring that indigenous companies continue to play a leading role in developing the country’s hydrocarbon resources sustainably.
What’s next? ND Western and its partners are now set to deliver sustainable energy solutions that will benefit Nigeria’s economy for years to come.
#OilIndustry #EnergySector #ShellNigeria #NDWestern #RenaissanceEnergy #Investment #NigeriaEconomy