Ingentia targets drilling expansion after 150% output increase
Ingentia Energies Limited is targeting an expansion of its drilling operations after increasing its oil production by 150 per cent under its former CEO. Read More: https://punchng.com/ingentia-targets-drilling-expansion-after-150-output-increase/
Ingentia Energies Limited announced its intention to expand drilling operations following a 150% increase in oil production during the leadership of Engr Charles Odita, who served as the company's acting Chief Executive Officer. The company disclosed this development in a statement following a meeting in Lagos, attended by the new Managing Director and CEO, Victor Agbaroji, and the outgoing CEO, Odita.
The board praised Odita's transformational leadership, noting a 150% increase in production from 2,200 barrels per day. Agbaroji, who succeeded Odita, expressed gratitude for the achievements under his predecessor and outlined key priorities for the next phase of growth, including enhancing drilling operations, maximizing asset value, improving cost competitiveness, expanding the company's portfolio, and unlocking greater value from its gas resources.
He emphasized the importance of a robust drilling campaign and pipeline evacuation infrastructure for future production growth.
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