Renaissance oil discovery, important milestone for Nigeria’s upstream sector- Lokpobiri
The offshore oil discovery at the JK-004 exploration well in OML 74 by Renaissance Africa Energy Company has been described as an
important milestone for the Nigeria’s upstream sector.
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri
stated this at the ongoing
NOG Energy Week Conference & Exhibition 2026 holding in Abuja.
He said Renaissance Africa Energy Company
encountered approximately
1,000 ft of hydrocarbon-bearing intervals across seven reservoirs containing light oil.
He said Renaissance discovery confirmed high-quality reservoirs and supports the company’s strategy to expand Nigeria’s hydrocarbon resource base.
Meanwhile the company said the result reinforces its commitment to increasing reserves, strengthening energy security and advancing future upstream development in partnership with its joint venture partners and regulators.
