Thanks to its solid capacities to raise finance for oil & gas assets, Petralon Energy has been able to grow an upstream portfolio made up of a marginal field and deep-water assets. The company has led an investment into the Dawes Island Marginal Field on OPL 2006 since 2014 and became its operator with a 100% interest in 2021.
In the span of six months between 2021 and 2022, Petralon Energy raised ca. $60m to complete the acquisition of a 6.06% shareholding in Prime Oil & Gas Coöperatief U.A. (Prime Oil & Gas) from Helios Investment Partners. Prime Oil & Gas has an 8% interest in the Chevron-operated OML 127 and a 16% interest in the Total-operated OML 130 in Nigeria. These contain the producing Agbami, Akpo and Egina deep-water fields, three of the continent’s biggest producing assets.
Petralon energy in brief
Shareholding in Prime Oil & Gas Coöperatief U.A.
Capital raised in 2021/2022 for oil & gas assets in Africa
Net Reflective Production in 2022
Indigenous African energy solutions delivering collective value for all.
To leverage our experience, expertise, and world class delivery capability in the oil and gas industry to rapidly grow true indigenous ownership within the upstream sector while redefining the relationship between Oil Company and Community.
We place great value on Excellence;
We are always Responsive; and
We are passionate about Sustainable Partnerships.