The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, has expressed total support for the vision and long-term plan of Renaissance Africa Energy Company Limited following the consortium’s acquisition of the onshore oil assets of the Shell Petroleum Development Company.
Addressing a delegation of the company during a recent visit to his office at the Nigerian Content Tower in Swali, Yenagoa, Ogbe said indigenous oil and gas companies are ever assured of an enabling environment by the board and its management team would be willing to engage with their counterparts from the Renaissance Group whenever the need arises.
He commended the company’s emphasis on Nigerian content and its plans to establish a foothold in other countries across Africa, assuring the delegation that NCDMB would provide their company with what he called a “double enabling environment” in support of its growth in Nigeria and abroad.
The NCDMB boss noted that Renaissance Energy has a promising future, given its very competent hands who have held responsible positions in companies with track records of performance in the oil and gas sector.
Earlier, the Managing Director and Chief Executive Officer of the company, Dr Tony Attah, commended the executive secretary, assuring him of local content development. “We are ourselves Nigerian content – we’re wholly Nigerian,” he said.
On the company’s long-term plan, he said, “We invest in Nigeria, but represent Nigerian content across Africa. Our mission is to be the African leader in energy, but most importantly, to enable energy security and industrialisation.”
The Chairman of the Renaissance Group, Dr Layi Fatona, recalled that the NCDMB had been very supportive of the SPDC in the past, saying it was their expectation that the new company, which acquired the assets of the Anglo-Dutch giant, would continue to enjoy the same relationship.
The General Manager, Corporate Communications and Zonal Coordination of the NCDMB, Esueme Dan Kikile, noted that the vision of the NCDMB aligns with that of Renaissance, adding that the two organisations would collaborate productively to advance local content.
Renaissance Africa Energy Company Limited is a consortium comprising four leading indigenous oil companies, namely, ND Western Limited, Aradel Holdings, First Exploration and Petroleum Development Company Limited, Waltersmith Group, and an international energy company, Petrolin.
