NOSDRA Director-General, Mr Chukwuemeka Woke, stated this on Wednesday in Abuja during a visit by Renaissance Africa Energy’s Managing Director, Tony Attah.
Renaissance, a consortium of independent oil firms, has completed the acquisition of Shell Petroleum Development Company in Nigeria.
The acquisition gives Renaissance control of Shell’s onshore assets across the Niger Delta region.
Woke said Renaissance must address environmental issues resulting from Shell’s past operations and honour all liabilities incurred.
He assured the agency’s continued collaboration with Renaissance, particularly on projects like the Bodo cleanup and related efforts.
“As regulators, NOSDRA ensures oil operations align with international environmental standards and national laws,” Woke emphasised.
He added, “This acquisition does not exclude Shell’s responsibilities — they are now Renaissance’s to bear.”
He urged Renaissance to prioritise environmental sustainability and energy security while complying with all regulations.
He also noted the significance of abiding by the Polluter Pay Principle and addressing oil spills caused by third-party activities.
Earlier, the Renaissance MD clarified the company is not replacing Shell, but has a distinct mission.
“Our aim is to lead Africa in clean energy generation and security,” Attah stated.
He promised a viable partnership with NOSDRA and strong commitment to environmental preservation.
Attah identified energy poverty, environmental conservation and regulatory adherence as key industry challenges.
He outlined Renaissance’s focus on clean, affordable energy, especially natural gas, to fuel Nigeria’s industrial growth.
The company seeks NOSDRA’s partnership in achieving its goals while ensuring regulatory compliance. (NAN)
