Within six months of achieving First Oil on the Dawes Island Field, indigenous operator Petralon Energy has, through its subsidiary Petralon 54, commenced production on its second consecutive well, DI-3. Production on the well commenced on the 14th of March 2026 and has since delivered average additional daily production of approximately 2,800 barrels of oil per day (bopd), bringing the field’s combined production capacity to approximately 4,800 bopd.<\/p>\n\n\n\n
DI-3 builds directly on the performance of DI-2, which came onstream on the 18th of October 2025. Together, the two wells represent a sustained, back-to-back drilling programme on a field that was non-producing at the time of Petralon’s acquisition in 2021. The company has to date exported over 350,000 barrels of oil from the field via the Bonny Oil and Gas Terminal, which lies about 30km from the field. The DI-3 well was delivered with zero lost-time incidents, consistent with the company’s commitment to world-class health, safety and environmental standards across its operations.<\/p>\n\n\n\n
Dawes Island is located approximately 15km from Port Harcourt in the Eastern Niger Delta, covers roughly 46 km\u00b2 and holds an estimated 17.6 million barrels of recoverable oil. Petralon 54 holds a 100% working interest in the field, acquired in 2021.<\/p>\n\n\n\n
\u201cOur success at Dawes Island was built on the conviction that Nigerians could acquire, develop, and operate world-class energy assets. That conviction once required courage, today, it stands on proof. The easy thing after DI-2 would have been to pause, but the determination and resilience of every single member of the Petralon team drove us forward, and DI-3 is the result of that effort. Progress like this is only possible through the strong collaboration we have built with our host communities, our regulator, and our partners. This is only the beginning of what Dawes Island can deliver,” said Ahonsi Unuigbe, Founder and Chief Executive Officer of Petralon Energy.<\/p>\n\n\n\n
The commencement of DI-3 production marks another step in Petralon Energy’s phased development of Dawes Island, as the company continues to grow production, strengthen its position as a leading indigenous operator in Nigeria’s upstream sector, and advance its longer-term ambition for the field.<\/p>\n\n\n\n
About Petralon Energy is an African exploration and production company with proven capacity to acquire, develop, finance and operate oil and gas assets. Operating through its subsidiary Petralon 54, the company holds a 100% working interest in the Dawes Island Field in the Eastern Niger Delta. The Company also indirectly holds a 4.24% equity interest in Meren Energy, a Canadian listed oil and gas company with production and development assets in deepwater Nigeria, a leading carried position in the Orange Basin across Namibia and South Africa, and operated licences in Equatorial Guinea.<\/p>\n\n\n\n
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