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Petralon 54 Ltd, a subsidiary of Petralon Energy Ltd, is in active engagement with its host community in the Niger Delta and has commenced technical and operational activities to achieve production at the Dawes Island Field by the end of 2022, the company said today. The move follows the award of the Dawes Island Marginal Field to Petralon 54 Ltd in 2021 and the issuance of its license – Petroleum Prospecting License No. 259 (PPL 259) in June 2022. The company has revealed some of its strategic initiatives to enable seamless operations at Dawes Island and restart production to raise national output. Petralon is notably in active engagement with the Host Community and its stakeholders in the Dawes Island Field to identify critical projects for implementation as well as create a formidable working partnership between Petralon 54 and its host/impacted communities. These include the traditional institutions/Council of Chiefs, Community Development Committees and other stakeholders. The company has also actioned several technical and operational initiatives, including surface well head checks and first line maintenance of the existing well head, refurbishment/reinforcement of field location infrastructure, mobilization of early well test equipment and all required field operations support facilities. Upon completion, these projects will ensure a safe resumption of production activities at Dawes Island.
Savannah Energy’s subsidiary Accugas has announced earlier today the signing of a new gas sales agreement (GSA) with Nigerian fertilizer manufacturer Notore Chemical Industries. The agreement covers the supply of up to 10 MMscf/d of gas on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year. Gas will be coming from Accugas’ 200 MMscf/d Uquo gas plant in Esit Eket, Akwa Ibom State. In February 2022, Accugas already entered into a new GSA with the Central Horizon Gas Company (CHGC), a subsidiary of Axxela. Under the terms of the GSA, CHGC can nominate to be delivered up to a maximum daily quantity of 5 MMscf/d. In June 2022, Accugas had also entered into a new 3-month gas sales agreement (GSA) with TransAfam Power Ltd to provide up to 35 MMscf/d of gas on an interruptible basis to the power plants of Afam Power Plc and Afam Three Fast Power in Okoloma, Rivers State. Details on the Uquo gas plant and Uquo marginal field development are available in the “Projects” section within your Hawilti+ research terminal.
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