Kenyon International has unveiled new plans to revitalise dormant oil wells and strengthen Nigeria’s refining capacity as part of its drive to unlock the nation’s hydrocarbon potential.

The company’s Founder and Chief Executive Officer, Dr. Victor Ekpenyong, announced the strategy during the firm’s 10th anniversary celebration in Lagos over the weekend. He explained that the company would leverage flexible pipeline solutions, innovative technology, and strategic partnerships to increase production and extend the life of Nigeria’s oil assets.

Ekpenyong emphasised that while the global shift to cleaner energy is important, Nigeria must prioritise fully harnessing its oil and gas resources before making a complete transition. According to him, the company’s next decade will focus on innovation, collaboration, and operational growth, with an eye on pushing national production beyond three million barrels per day.

“No one should pressure us into abandoning our natural resources before they are maximised. Industrialisation must come first, and oil remains central to that journey,” he stated.

Reflecting on the company’s growth since its establishment in 2015, Ekpenyong highlighted Kenyon International’s contribution to stabilising daily crude production, which currently exceeds one million barrels. He noted that the firm has become a major player in oil and gas services, particularly in brownfield operations, where it applies both local expertise and global technology to optimise output from ageing fields.

He also addressed the ongoing divestment by international oil firms, stressing that Kenyon International remains committed to creating value across the hydrocarbon chain and supporting Nigeria’s production targets.

With its renewed focus on innovation and strategic development, the company is positioning itself as a key driver in boosting Nigeria’s oil and gas industry over the coming years.