Aradel Energy Completes Major Acquisition, Now Controls 53% of Renaissance Africa Energy
Nigerian integrated energy company Aradel Energy has successfully completed a transformative acquisition that positions it as a dominant force in Nigeria’s oil and gas sector, securing majority control of Renaissance Africa Energy Company Limited with a 53.3 percent stake.
The transaction, which cleared all regulatory hurdles as 2025 drew to a close, saw Aradel acquire an additional 40 percent stake in independent oil and gas producer ND Western Limited (NDW), increasing its shares in the company from 41.67 percent to 81.67 percent. This strategic move effectively made NDW a subsidiary of Aradel Energy while simultaneously boosting its stake in Renaissance Africa Energy from 33.3 percent to 53.3 percent.
The acquisition represents a major consolidation in Nigeria’s energy sector. Renaissance Africa Energy is the 30 percent holder and operator of the Renaissance/ENI/TOTAL/NNPC Joint Venture, operating 18 Oil Mining Leases across onshore and shallow water east, central and western Niger Delta. The company’s gross output in November 2025 reached 240,000 barrels of oil per day, translating to 80,000 barrels per day net to Renaissance. Converting Aradel’s new 53 percent stake to equity would represent approximately 41,500 barrels per day net to Aradel.
The transaction provides additional value beyond Renaissance holdings. Through its 81.7 percent ownership of ND Western, Aradel now controls a significant portion of NDWestern’s 45 percent interest in the NNPC E&P Limited/ND Western OML 34 Joint Venture, which was outputting 14,000 barrels per day and 220 million standard cubic feet of natural gas as of November 2025. Converted to equity, this represents approximately 5,140 barrels per day and 81 million standard cubic feet per day net to Aradel.
Aradel Holdings independently operates the Ogbele, Omerelu, Olo and Olo West fields, which produced 13,000 barrels per day of crude and 68 million standard cubic feet per day of gas in November 2025.
“The completion of this acquisition represents a further step in the execution of our growth and consolidation strategy. Increasing our equity interest in ND Western reinforces Aradel’s position as a leading indigenous integrated energy company and enhances our ability to drive long-term value for shareholders through scale, operational efficiency, and portfolio optimization,” stated Adegbite Falade, CEO of Aradel Holdings.
The acquisition received all required regulatory approvals, including clearances from the Nigerian Upstream Petroleum Regulatory Commission, ministerial consent, and approval from the Federal Competition and Consumer Protection Commission.
Sources: energycapitalpower.com, africaoilgasreport.com
