Petralon Energy, an indigenous operator, exploration, and production company with proven capacity to acquire, develop, and finance Oil and Gas assets across the African region, has continued to stand as proof of its unparalleled capability in the global energy space.
Not deterred by the recent legal but progressive battles – a major legal and regulatory battle regarding the ownership and operation of the Dawes Island Marginal Field in Nigeria, the company has shown operational resilience in its location, developing the acquired mature asset into a profitable venture, and within the financial space of the operator.
Within six months of achieving First Oil on the Dawes Island Field, the company brought a second consecutive well, DI-3, onstream, commencing production on March 14, 2026, and has since delivered average additional daily production of approximately 2,800 bopd.
This milestone achievement has brought the field’s combined production capacity to approximately 4,800 bopd, underscoring the company’s application of innovative upstream technology available at its disposal in handling critical oilfield assets.
The streaming of DI-2, which came onstream in October 2025, and DI-3 represent steady progress in Petralon’s proficiency at phased development of a field that was non-producing when it was acquired in 2021. That DI-3 was delivered with zero lost-time incidents, reflecting the safety focus and discipline of our team and partners.
Petralon Energy indirectly holds a 4.24% shareholding in Meren Energy, which in turn has an 8 % interest in OML 127 and a 16% interest in OML 130 in Nigeria. OML 127 contains the Agbami field, while OML 130 contains the Akpo, Egina, and Preowei fields.
