Ardova Plc has expressed confidence that the oil and gas sector is set for improved performance in the current financial year, underpinned by stronger collaboration across the industry.

The assurance was given in Lagos at the unveiling of the company’s latest lubricant product, AP Supermax.

Speaking at the event, the company’s Deputy Managing Director, Dr Abiola Ojo, noted that the sector is entering a new phase marked by a deliberate shift towards more robust partnerships among key stakeholders.

According to him, the growing emphasis on collaboration is expected to enhance operational efficiency, strengthen value chains and ultimately translate into better outcomes for operators and consumers alike.

Ojo explained that as the industry adapts to evolving market dynamics and economic realities, companies are increasingly recognising the importance of working together to unlock growth opportunities and innovations.

He noted that Ardova remained committed to playing a leading role in fostering these alliances, leveraging its product innovation and market presence to support the sector’s overall development.

Ojo also explained that the company identified a growing demand for a high-quality lubricant that remained affordable in an increasingly price-sensitive market while meeting expected performance standards.

She said the gap in the market informed the development of the new product, which t balances quality and cost without diluting the company’s reputation.