Africa Energy Company Nigeria Ltd has credited reforms introduced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for helping to drive its production growth, with the company now delivering 2.2 billion cubic feet of gas.

The company’s Managing Director and Chief Executive Officer, Tony Attah, disclosed this on Tuesday during a courtesy visit to the Commission’s headquarters in Abuja as part of activities marking Renaissance’s first anniversary.

Attah said the regulatory support provided by the Commission had created an enabling environment for the company’s operations and expansion drive, describing the agency as a key factor in its recent performance.

According to him, the company surpassed its internal gas production target earlier than expected, prompting a fresh upward review of its ambitions.

“The NUPRC should feel proud of the CCE here. Looking at the transformation happening in the industry and the regulatory side, we do not have a better team to drive the industry in the whole of Africa than the NUPRC team,” Attah said.

He added, “We speak to energy security in Africa, but more importantly, the industrialisation of Nigeria… I am very proud to confirm that yesterday (30/03/2026) we delivered 2.2bcf of gas, and we beat our target of 2030.”

Following the milestone, Attah said the company has now revised its target upward to 3bcf by 2030.

He also revealed that Renaissance plans to pursue between 10 and 15 Field Development Plans (FDPs) annually, stressing that collaboration with the Commission would be critical to achieving that goal.

“We want to run 10–15 Field Development Plans (FDPs) per year. It will be near impossible to churn out any FDP without the Commission itself. So, we will be needing your help to pursue this ambition,” he said.

Speaking during the visit, the Commission Chief Executive, Oritsemeyiwa Eyesan, said the emergence of Renaissance had become one of the strongest indicators that Nigeria’s latest divestment wave could deliver better outcomes for the upstream sector.

She recalled that Nigeria’s crude oil production had declined sharply from over 2 million barrels per day to around 900,000 barrels per day in recent years, but noted that output is gradually rebounding.

“We are back on the upward trajectory, and Renaissance will play a major role in the storyline,” Eyesan said.

She noted that there had been widespread concern over whether indigenous firms could effectively take over and manage assets previously operated by international oil companies.

“At the time of initiating the divestment, there was a lot of apprehension, given that past divestments saw some successful, some not so successful, and some just on the borderline,” she said.

“The apprehension was, can Nigeria really step into the shoes of an IOC and do justice to the assets? I think today, Renaissance has demonstrated that the apprehension was just a breeze.”

Eyesan assured the company of the Commission’s continued support, describing NUPRC as a business enabler committed to creating conditions that would allow operators to perform more efficiently.

Renaissance emerged from the recent wave of onshore asset divestments by international oil companies, including the acquisition of Shell Petroleum Development Company of Nigeria’s onshore and shallow water assets, a development widely seen as a major shift toward stronger indigenous participation in Nigeria’s upstream oil and gas industry.