WHO WE ARE
Petralon Energy Limited is an African exploration and production company, established to acquire, develop, finance and operate assets in the African oil and gas sector. The Company targets farm-in opportunities to assets held by indigenous companies, acquisition of none core assets being divested by International Oil Companies (IOCs), partnership opportunities on assets held and managed by the government and government licensing and bid rounds on oil blocks and marginal fields. Petralon’s initial focus area is Nigeria, where its founders have extensive experience, and the Company plans to expand to other upstream investment opportunities and asset acquisitions in other African countries.
The Company was founded by a core group of professionals with complementary skills, drawn from very senior positions in major multinational companies who have a combined experience of more than 100 years in the oil & gas and finance industries. The Company has strong access to funding; it has received financing commitments of over $1 billion to support its new venture projects from reputable global institutions. The Company is driven by its bid to ensure efficiency and profitable operation of oil and gas assets.
Petralon’s overriding strategy is to build a reputable energy company with well managed assets across the energy value chain, thereby creating and increasing value to all stakeholders – including the Government, our host communities, and our shareholders.