Nigerian integrated energy company Renaissance Africa Energy has made a new oil discovery offshore Nigeria, supporting the country’s strategy to expand crude oil reserves, increase production and strengthen long-term energy security.

The JK-004 exploration well in Oil Mining Lease (OML) 74 encountered light oil-bearing intervals across seven reservoirs spanning approximately 1,000 feet, confirming the prospectivity of the acreage and strengthening the exploration potential within the lease, the African Energy Chamber (AEC) reported.