Ingentia Energies Plans Drilling Expansion Under New CEO

Ingentia Energies Limited announced plans to expand its drilling operations following a significant 150% increase in oil production, achieved under the leadership of Engr Charles Odita, who served as the acting Chief Executive Officer. This announcement coincided with Victor Agbaroji assuming the role of Managing Director and CEO.

The Chairman of the Board, Chief Oseni Elamah, praised Odita's transformational leadership, noting that production rose from 2,200 barrels per day during his tenure. Agbaroji expressed gratitude for Odita's accomplishments and outlined his priorities, which include enhancing drilling operations, maximizing existing asset value, improving cost competitiveness, and expanding the company’s portfolio.

He emphasized the importance of advancing the pipeline evacuation project to support future production growth. Agbaroji committed to maintaining the momentum established under Odita's leadership, aiming to consolidate recent gains and strengthen Ingentia's position as an indigenous energy company.