Petralon Energy, one of Nigeria’s leading independent oil and gas companies, has announced the appointment of Pius Adegoke as its new Asset Manager. Adegoke brings over 25 years of experience in the oil and gas sector to the role.
In a press release on Thursday, which was reviewed by Bavijas, the company highlighted Adegoke’s expertise in several key areas, including:
- Production operations
- Asset integrity management
- Stakeholder relations
- Crude oil barging operations
Adegoke has had a distinguished career, notably with Shell, where he rose to the position of Production Unit Manager.
In this role, he oversaw the Imo River and Okoloma Fields, which have a combined capacity of 180,000 barrels per day and 240 million standard cubic feet per day. He played a crucial role in the successful transfer of these assets to a new operator.
Following his tenure at Shell, Adegoke worked with Sahara Group, where he was instrumental in reviving the OML11 assets acquired from Shell (SPDC), boosting production from near-zero levels to approximately 27,000 barrels per day.
Before joining Petralon, Adegoke served as the OML 18 Operations Manager at NNPC Eighteen Operating Limited (NEOL).
At NEOL, he led large, multidisciplinary teams to restart production in challenging onshore swamp terrain, achieving peak outputs of 32,000 barrels of oil per day and 48 million standard cubic feet per day of gas.
Expectations as he joins Petralon
Adegoke is expected to leverage his extensive experience in crisis management, having previously served as Interim Stakeholder Relations Manager, where he ensured regulatory compliance. He will oversee the management and development of the operated Dawes Island (PPL 259) asset in Rivers State and support ongoing efforts to scale production.
Petralon aims to increase its Nigerian output by 2,500 barrels per day from its current net reflective production of 3,089 barrels per day equivalent. Between 2014 and 2022, the company invested a total of $25m in developing the field.
“Pius’s proven track record in asset turnarounds, stakeholder management, and operational innovation will be instrumental in delivering sustainable value to all our stakeholders while maintaining our commitment to operational excellence and environmental stewardship,” the company stated.
“His appointment directly supports our core strategic priority of maximizing production potential and strengthening operational execution – critical capabilities,” they added.