Nigeria: How Renaissance revived dormant oil field one year after Shell deal

Renaissance Africa Energy has announced a major oil discovery at the JK-004 well in the Niger Delta, reviving a field that had lain dormant for nearly six decades. The find comes about a year after the consortium completed its acquisition… Renaissance Africa Energy has announced a major oil discovery at the JK-004 well in the Niger Delta, reviving a field that had lain dormant for nearly six decades. The find comes about a year after the consortium completed its acquisition of Shell’s onshore assets in Nigeria, raising questions about the untapped potential of indigenous operators.