This information was disclosed by the Special Adviser to the President on Energy, Olu Verheijen, when she hosted the Managing Director and Chief Executive Officer of The Renaissance Africa Energy Company Limited, Tony Attah.

“This is why we continue to work on investment-enabling reforms with a bid to achieve national targets. I congratulate Renaissance Africa Energy Company Limited because you have done a good job so far in increasing oil and gas production. Understandably, we continue to look forward to the opening of new wells and new drilling activities,” she said.

Verheijen’s call for more investments in the oil and gas sector followed Federal Government’s bid to ramp up crude oil production and increase its oil revenue.

Attah said, “On our part, we must also commend your office for the three Executive Orders that have brought revolutionary changes, especially to the Oil and Gas sector. Our company, Renaissance Africa’s success since coming on board, is because we are riding on that enabling environment that the government of President Bola Ahmed Tinubu has provided. I particularly commended the Special Adviser on Energy and your team for your tenacity in following this required path.”

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He said, “This enabling environment that you are creating has further emboldened us in our drive to achieve our vision to be Africa’s leading energy company enabling energy security and industrialisation in a sustainable manner. We are glad too that we are seeing immediate results from our strategy to improve work processes and conditions which have, in turn, galvanised our employees, improved daily crude oil production by about 40%, and returned Renaissance Africa and the joint venture to a position where we are now fulfilling our contractual gas supply quantities to the NLNG Limited (Nigeria Liquefied Natural Gas) – for the first time in over 5 years.”

Source: Channels