Investors’ confidence in indigenous operators may have received a boost as Shell Western Supply and Trading expressed confidence in the operations of Petralon Energy, an indigenous exploration and production company with demonstrated capacity to acquire, develop, finance, and operate oil and gas assets.
At an event hosted in London by Shell Western Supply and Trading to celebrate Petralon Energy’s achievement of first oil at the Dawes Island Field, its Chief Executive Officer, Rodrigo Teixeira de Abreu, commented on Petralon’s progress, noting the role of leadership in advancing the project from concept to delivery.
A statement from Petralon on Tuesday stated that the acknowledgment, witnessed by the company’s Founder and Chief Executive Officer, Ahonsi Unuigbe; Board Chairman, Mutiu Sunmonu, CON; and Chief Commercial Officer, Uduak Equere, validated the feat attained by Petralon Energy in transitioning the Dawes Island asset from development to production in 2025.
Petralon Energy’s first oil achievement marks a key milestone for the company and Nigeria’s marginal field programme. The accomplishment is described as a testament to the capacity of indigenous operators to manage assigned assets responsibly and optimally.
Since the licence award in June 2022, Petralon Energy has moved from development planning to drilling and production within a compressed timeline, positioning the company among the more active operators in the current marginal field cycle.
The company has drilled multiple wells, brought the DI-2 well on stream, achieved first oil, and evacuated approximately 158,000 barrels of crude through the Bonny Oil and Gas Terminal.
Entering 2026, Petralon has already drilled the third well on the field — DI-3 — to its total depth and will bring the well on stream before the end of this quarter, with a fourth well planned for later this year, the DI-4 well.
The company continues to focus on increasing and stabilising production and operations for the two wells, DI-2 and DI-3, while preparing for the next phase of development, which includes additional wells and permanent field facilities.
By its progress at Dawes Island, Petralon Energy occupies a prominent position among the more active operators in the current marginal field cycle as the sector adjusts to a new operating landscape.
“It’s important to note that acknowledging the company’s quality leadership and disciplined operational process by Shell Trading is not just a commendation, but an explicit expression of trust in the company, and an implied vote of confidence in our oil sector,” Quazim Adeniran, Energy Sector Analyst, said.
As the crude oil offtaker and co-financier of the Dawes Island project, Shell Trading is a significant partner in Petralon Energy’s growth story. The company provided market access and the financial support that enabled the field’s transition into production.
As Nigeria increasingly relies on indigenous operators to sustain output following a wave of divestments by international oil companies, operators with the right outlook and capacity to support the national daily output target are expected to play a critical role, especially as available data indicate that few operators from the marginal field rounds progress to drilling and sustained production within a comparable timeframe.