Ingentia Energies’ Crude Oil Production Soars 150%, Unveils Growth Strategy

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The Board of Directors of Ingentia Energies Limited has lauded the outgone Interim Managing Director and Chief Executive Officer, Mr Charles Odita, for his transformational leadership, which increased production by an impressive 150 per cent, reflecting the success of the company’s operational and growth strategies.

This commendation is coming as the new Managing Director and Chief Executive Officer, Mr Victor Agbaroji unveiled a strategic agenda focused on strengthening and moving Ingentia Energies further into the top percentile of key players in the oil and gas sector.

In a letter signed by the Chairman of the Board, Chief Oseni Elamah, following a meeting in Lagos attended by both the incoming and outgoing chief executives, the Board described Odita’s tenure as a defining period in the Company’s evolution.

The board noted that under Odita’s stewardship, Ingentia Energies increased production by an impressive 150 per cent.

The board extended heartfelt congratulations and profound appreciation to Odita, describing his tenure as transformational, and characterised by strategic clarity, decisive execution and exceptional leadership.

Meanwhile, as he takes over the reins of leadership, Agbaroji has expressed appreciation for the achievements recorded under Odita and pledged to build upon the solid foundation already established.

He identified key priorities for the next phase of the company’s growth, including enhancing drilling operations, maximising the value of existing assets, improving cost competitiveness, expanding the company’s portfolio, and unlocking greater value from the asset’s gas resources.

“Our immediate focus is to strengthen the next phase of our drilling campaign by leveraging the seismic acquisition programme currently underway. This will enable us to execute a more robust and efficient drilling programme while improving exploration outcomes and operational performance,” Agbaroji said.

He also highlighted the importance of crude oil evacuation infrastructure in supporting future production growth, noting that the Company would further intensify efforts to advance its pipeline evacuation project.