Nigeria: Renaissance aims to develop former Shell offshore field first drilled in 1967

AI Summary

Renaissance Africa Energy plans to develop the JK offshore oil field in Nigeria’s Niger Delta, a former Shell asset first drilled in 1967 but dormant for decades. This move follows a significant recent oil discovery that may accelerate commercial exploitation.

Renaissance Africa Energy has moved to develop the JK field in the Niger Delta, a former Shell offshore asset first drilled in 1967 but left dormant for nearly six decades after announcing a significant oil discovery that could accelerate its commercialisation.