Petralon to add 2,500bpd to Nigeria’s Crude production by August

Nigeria’s crude oil production is set to receive a modest boost as indigenous oil firm Petralon Energy prepares to add 2,500 barrels per day (bpd) to the country’s output starting in August.

Ahonsi Unuigbe, the company’s CEO, confirmed the development today at an industry event in Lagos, noting that the new volumes will come from the Dawes Island Marginal Field located in Rivers State.

He said production will commence following the completion of final well testing and surface facility upgrades, adding that the project reflects Petralon’s commitment to supporting Nigeria’s energy security and local content development.

“We start crude production of 2,500 barrels per day in the next three weeks,” Unuigbe said. “We are proud to contribute to Nigeria’s production goals and help close the output gap.”

Earlier, the Africa Energy Chamber (AEC) stated that the company recently completed a new well at the field, aligning with plans to maximise output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.

Read also: NUPRC reviews crude oil export guidelines to enhance petroleum products tracking

The milestone comes as Petralon seeks to unlock greater value from Nigeria’s offshore oil resources. Affordable crude oil transportation services.

The firm invested $25 million in the drilling program and development initiatives at the field between 2014 and 2022, officially securing a 100 percent stake in PPL 259 following the implementation of Nigeria’s Petroleum Industry Act in 2021.

The production milestone highlights 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. Affordable crude oil transportation services

The AEC also disclosed that 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.

Beyond PPL 259 and the Dawes Island field, Petralon is pursuing non-operated interests in Oil Mining License (OML) 127 and OML 130, seeking to unlock new resources and enhance revenue generation.

The company owns a stake in Prime Oil & Gas, which holds an 8 per cent interest in OML 127 and a 16 per cent stake in OML 130.

OML 127 features the Agbami field while OML 130 contains the Akpo, Egina and Preowei fields. Net production from the producing Akpo, Egina and Preowei fields averages 51,000 barrels per day. Both asses are situated in the deep offshore, showcasing gross 2P reserves of 270 million barrels and 638 million barrels, respectively.

Meanwhile, Petralon has also been strengthening its ownership stakes across the African upstream oil and gas industry. The company holds an indirect equity interest in Prime Oil and Gas, which recently finalised its merger with Africa Oil Corp.

Read also: Nigeria’s Dangote refinery buying more and more US crude oil

Petralon has also emerged with a 4.24 percent stake in the expanded entity. The transaction aligns with Petralon’s broader intentions to strengthen its presence in Africa.

The newly expanded entity now operates a strong portfolio that includes deepwater assets in Nigeria alongside ventures in Namibia, South Africa and Equatorial Guinea.

With the merger, the expanded entity benefits from a strengthened balance sheet as well as new opportunities for regional growth. Affordable crude oil transportation services