Kenyon International CEO Advocates for Utilizing Nigeria’s Idle Brownfields to Boost Oil Production and Meet Local Refining Demands
Dr. Victor Ekpenyong, CEO of Kenyon International, has underscored Nigeria’s potential to significantly enhance its oil production and address local refining needs by leveraging its idle brownfields. Speaking at the Oil Well Intervention Conference (OWIWA 2024), West Africa’s premier well intervention event held on May 29, 2024, at the Sheraton Hotel in Ikeja, Lagos, Dr. Ekpenyong emphasized the untapped opportunities within Nigeria’s underutilized or inactive oil fields.
Highlighting the significance of brownfield sites in bolstering Nigeria’s dwindling oil output and refining capacity, especially in the context of downstream sector deregulation and subsidy removal, Dr. Ekpenyong stressed the need for strategic policy alignment, investment, and technological interventions.
“Nigeria possesses a wealth of underutilized brownfield assets that, with the right interventions, can revitalize our oil production capabilities,” remarked Dr. Ekpenyong. “Unlocking these dormant resources not only augments our oil output but also addresses the surging local demand for refined products, reducing import dependence, conserving foreign exchange, and fortifying energy security.”
Kenyon International, an advocate for brownfield development, has a track record of revitalizing similar sites across Nigeria, employing innovative technologies and expertise to optimize production efficiency and economic returns.
Dr. Ekpenyong elaborated on the multifaceted benefits of brownfield development, including job creation, local capacity building, economic stimulation, and environmental sustainability. He stressed the imperative of collaborative efforts among government, private sector stakeholders, and local communities to fully exploit the potential of these assets.
“Creating an enabling environment for investment and innovation is crucial,” Dr. Ekpenyong emphasized. “Through collective action, we can transform idle fields into productive assets that significantly contribute to Nigeria’s economic prosperity.”
Kenyon International, committed to spearheading this initiative, utilizes its extensive experience and advanced technology to combat oil theft, vandalism, and environmental hazards while restoring dormant wells to production. The company advocates for adherence to industry best practices and the deployment of emerging technologies to address challenges in brownfield assets.
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International West Africa Company Limited, a leading energy servicing firm, offers essential interventions such as e-line, slick line, coiled tubing services, well remediation, and idle well management. The company’s notable achievements include critical operations in well conversion, casing run operations, slot recovery, and drilling and completion activities.
Kenyon International’s contributions extend beyond operational excellence, encompassing environmental stewardship through significant interventions in oil spill containment and remediation, underscoring its commitment to sustainable development and socio-economic progress in Nigeria’s energy sector.
