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TotalEnergies sells its oil interest in the Renaissance JV (formerly SPDC) in Nigeria to Vaaris

October 2026

Client(s) TotalEnergies SE

Jones Day advised TotalEnergies in the sale by subsidiary, TotalEnergies EP Nigeria, of its 10% interest in the Renaissance JV licenses in Nigeria to Vaaris.

The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Corporation Ltd (55%), Renaissance Africa Energy Company Ltd (30%, operator), TotalEnergies EP Nigeria (10%) and Agip Energy and Natural Resources Nigeria (5%), which holds 18 licenses in the Niger Delta.

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