Julius Berger diversify into Oil & Gas Sector with Petralon Partnership

Julius Berger has announced a strategic partnership and joint investment agreement with Petralon Energy Limited for the acquisition and development of oil fields in Nigeria.

According to the construction firm in a statement on Tuesday, the alliance is in line with the strategic goal of Julius Berger to diversify into the Oil and Gas Sector.
Julius Berger further said it would provide further details to the Market as the transaction progress.

Petralon Energy is a Nigerian upstream energy company, established to acquire, develop, operate and finance hydrocarbon assets in the Nigerian oil and gas sector, with an overriding strategy to build an upstream energy company with a focus on the mature, marginal and non-conventional sector of the Nigerian oil & gas industry.

The company says it resourcefully seeks out oil and gas prospects in other African countries with rapidly evolving oil and gas sectors, such as Ghana, Kenya, Namibia, Uganda and Angola.

Petralon’s Management team is made up of seasoned industry professionals with solid financial, technical, and operating competencies and experience locally and internationally; they have built significant lasting relationships, and successfully managed medium to large-sized private and public companies.