Kenyon International CEO Advises Nigeria on Robust Gas Asset Management Plan

 

Dr Victor Ekpenyong, the CEO of Kenyon International, addressed industry experts at the Oloibiri Lecture Series and Energy Forum (OLEF)2023, held at the PTDF Hall in Abuja on April 6, 2023. During his keynote speech, he emphasised the need for Nigeria to develop a robust strategy for oil and gas asset management to ensure effective oil and gas resources utilisation, enhance energy security, and achieve net-zero emission goals.

Dr Ekpenyong stated that Nigeria has been blessed with abundant oil and gas resources, but the lack of proper management has resulted in cases of vandalism and obsolete oil and gas assets still in use. He noted that one cannot utilise what one has not properly managed and urged Nigerian industry experts to take decisive action to implement a comprehensive strategy to bring these assets under control, properly managed and secured.

He highlighted that Kenyon International, a leading oil and gas servicing company, has been helping customers manage their assets, risking their lives in the process in a bid to secure assets and prevent tampering and pollution that could potentially destabilise the ecosystem. Dr Ekpenyong’s speech emphasised the importance of proper asset management in Nigeria’s oil and gas industry and the need for all stakeholders to take action towards achieving this goal. The Oloibiri Lecture Series and Energy Forum (OLEF)2023, organised annually by the Society of Petroleum Engineers Nigeria, is geared towards enforcing the development of the oil and gas industry in Africa.

Dr Ekpenyong ended his remark by encouraging all stakeholders in the Nigerian oil and gas industry to take action towards implementing a robust strategy for idle oil and gas well management. Contact us today to learn more about our asset management services. Send us a mail at info@kenyon-international.com.

At Kenyon International, we are committed to ensuring that our customers’ assets are managed securely and efficiently. We believe that by working together, we can help Nigeria harness its abundant oil and gas resources for the benefit of its people and the environment.

Quality Wellhead and Valve Provision

Valves are essential components in oil and gas operations, regulating fluid flow and pressure in wellheads and pipelines. Using the wrong valve can result in losses and downtime, making it vital to choose the right valve for each application.

Kenyon International West Africa Company Limited supplies high-quality valves and wellheads suitable for the industry. Our equipment is cost-effective, durable, and tough enough to withstand high temperatures and pressures.

We prioritize our clients’ satisfaction, providing exceptional customer service that includes technical support, maintenance, and repairs. Our team of experts works closely with clients to provide tailored solutions that meet their specific needs.

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IDLE WELL REACTIVATION: A SOLUTION TO A CLEANER ENERGY TRANSITION IN NIGERIA

The CEO of Kenyon International West Africa Company Limited, Victor Ekpenyong, at the just concluded Oloibiri Lecture Series and Energy Forum held on the 31st of March 2022, has proposed that deploying an idle well management strategy and remote well control are the two key solutions to combating oil theft which can equally maximise oil production to increase revenue and facilitate Nigeria’s energy transition.

The lecture which took place at PTDF Towers, CBD in Abuja was themed ‘Global Energy Transition: Implications on Future Investments in the Nigerian Oil and Gas Industry’ and attended by industry dignitaries.

In Victor Ekpenyong’s opening remark, he stated that oil theft has been the bane of our economy as it had led to loss of revenue and environmental pollution; and since oil accounts for the major source of revenue in Nigeria, it behooves the federal government to maximise its oil production through putting measures that deters oil theft and vandalism.

In his speech, he explained that an idle well management strategy will enable a well to be decommissioned safely to protect it from being vandalised and restore an abandoned well to full potential when necessary while remote well control is a technology that can be deployed to protect oilfields facilities and environment from hazards such as blowouts.

Victor Ekpenyong appealed to the federal government to integrate the idle well management strategy and remote well control to help reduce the number of emerging idle wells and boost oil production which can in turn help fund and facilitate a smooth transition into a clean energy.