Lagos: African exploration and production company Petralon Energy is on track to boost Nigerian crude production by a further 2,500 barrels per day (bpd), following drilling activities at the Dawes Island field. The company has recently completed a new well at the field, aligning with plans to maximize output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.
According to African Press Organization, the milestone comes as Petralon seeks to unlock greater value from Nigeria's offshore oil resources. The company invested $25 million in the drilling program and development initiatives at the field between 2014 and 2022, officially securing a 100% stake in PPL 259 following the implementation of Nigeria's Petroleum Industry Act in 2021. The production milestone underscores the instrumental role indigenous operators play in Nigeria, with future drilling activities set to further consolidate Petralon's position in the country's upstream sector. Petralon is a Platinum Partner of the African Energy Week (AEW): Invest in African Energies conference, taking place September 29 to October 3, 2025, in Cape Town.
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers, and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this event.
Stepping into this picture, AEW: Invest in African Energies 2025 supports indigenous operators in Africa as they strive to further expand their presence across the upstream market. By connecting global financiers and operators with African partners, the event positions collaboration at the forefront of investment and development. As a Platinum Partner, Petralon underscores its vision to expand its upstream portfolio of operated and non-operated assets, while engaging with potential partners to unlock greater value from the continent's oil and gas resources, says NJ Ayuk, Executive Chairman, African Energy Chamber.