Petralon Energy, a Nigerian-owned oil company, is set to increase the country’s crude oil production by 2,500 barrels per day starting in August. This new output will come from the Dawes Island Marginal Field in Rivers State.

At an industry event in Lagos, Petralon’s CEO, Ahonsi Unuigbe, announced that the company is wrapping up well testing and final upgrades to surface equipment. He highlighted the move as a step toward strengthening Nigeria’s energy supply and promoting local participation in the oil and gas industry.

The Dawes Island field, operated by Petralon 54 Limited, a subsidiary of the firm, sits within Petroleum Prospecting License (PPL) 259. The company has poured $25 million into developing the field since 2014 and secured full control of the asset following the implementation of the Petroleum Industry Act in 2021.

The Africa Energy Chamber confirmed that Petralon recently completed a new well on the site, helping to prepare for production. It also praised the firm’s efforts to maximize the field’s output and deepen its role in Nigeria’s upstream oil sector.

Petralon’s portfolio extends beyond PPL 259. The company also owns shares in Oil Mining Licenses (OML) 127 and 130 through Prime Oil & Gas, which holds interests in major deepwater assets like Agbami, Akpo, Egina, and Preowei. These fields contribute a combined net output of around 51,000 barrels per day.

Petralon has further expanded its footprint through a 4.24% stake in a newly merged entity formed by Prime Oil & Gas and Africa Oil Corp. The combined company now manages assets across Nigeria, Equatorial Guinea, Namibia, and South Africa.