Shell Trading Backs Petralon Energy's Oil Success in Nigeria
Shell Trading's trust in Petralon Energy signifies a growing confidence among investors in indigenous operators within Nigeria's oil and gas sector. This endorsement was highlighted during an event in London, celebrating Petralon Energy's achievement of first oil from the Daw Island field.
Rodrigo Teixeira de Abreu, CEO of Shell Trading, praised Petralon Energy's leadership, while Ahonsi Unuigbe, the company's founder and CEO, and Mutiu Sunmonu, the board chairman, were also acknowledged. Uduak Euquer, Chief Commercial Officer, noted that Petralon Energy aims to develop and produce from the Daw Island asset by 2025.
The company's first oil achievement marks a significant milestone in Nigeria's marginal field program. Petralon Energy is actively drilling multiple wells and plans to bring additional fields online by late 2026.
The company is focused on stabilizing production and enhancing operational efficiency, reflecting the trust placed in them by Shell Trading and the broader market.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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