An indigenous player in the energy sector, Mr. Victor Ekpenyong, has urged the federal government and oil firms to maximise oil production and leverage on the expertise of Nigerian tech firms to check oil theft.
He said that although the nation was capable of producing up to 2.5 million barrels of crude oil per day, the activities of oil thieves and vandals, who frequently attacked oil installations, had compelled operators to shut down vandalised assets. Ekpenyong, who is the Chief Executive Officer and Founder of Kenyon International West Africa Limited, explained that the indigenous oil services firm had developed a home-grown solution to oil theft and vandalism.
The solution, according to him, includes the installation of anti-theft devices on wellheads that makes it impossible to steal crude or vandalise wellheads.
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