Renaissance Africa Energy Company has announced an offshore oil discovery at the JK-004 exploration well in OML 74, with the well encountering approximately 1,000 ft of hydrocarbon-bearing intervals across seven reservoirs containing light oil.
The discovery was announced during the NOG Energy Week Conference & Exhibition 2026 by Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, who described the result as an important milestone for the country’s upstream sector.
According to Renaissance, the discovery confirmed high-quality reservoirs and supports the company’s strategy to expand Nigeria’s hydrocarbon resource base. 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.