An indigenous exploration and production company assigned the sole operatorship of the Dawes-Island Field in Rivers State, Petralon 54, has formally inaugurated Host Community Development Trusts (HCDT) for the Dawes–Island communities of Ogoloma and Koniama (Okochiri and Koniju) in the Okrika Local Government Area of the state.
By this corporate action, Petralon 54, a subsidiary of Petralon Energy, has yet again demonstrated its commitment to regulatory compliance, responsible business practices, stakeholders’ well-being, and community development.
The inauguration ceremony, witnessed by major industry stakeholders, including top government functionaries, oil industry regulators, community and women leaders, chiefs, and representatives of the traditional rulers (Amanayabos) of the host communities, was held on October 22 and 23, 2025, respectively, in Port Harcourt.
Welcoming guests to the event, Ahonsi Unuigbe, founder and CEO of Petralon Energy, said, “Instituting the HCDT is not just compliance with Section Three of the Petroleum Industry Act (PIA, 2021), but an expression of our company’s ingrained culture of identifying, addressing, and aligning with the needs and aspirations of our stakeholders, especially the communities hosting our operations.”He added, “I am excited that we are making history today by coming together to create a beautiful future for the next generation and charting a path for sustainable partnership, empowerment, and inclusive growth with the inauguration of the Development Trust for our host communities.”
Earlier, executive director of Petralon 54 Uduakobong Equere said, “This event reflects a shared commitment to progress, equity, and sustainability. It marks a new phase in our collective journey—one that places community development, transparency, and inclusiveness at the heart of extractive industry operations.“
These Trusts belong to the people of Ogoloma and Koniama, and they are designed to ensure that the benefits of oil and gas operations are visible, measurable, and sustainable at the grassroots level.”In his acceptance speech, the chairman, Board of Trustees, Okochiri Host Community Development Trust, and spokesperson for the Okochiri Kingdom, Dr Chris Biriowu, commended the board and management of Petralon 54 Ltd for their forthrightness, commitment and interest in the well-being of the people of Okochiri and the entire community.“I am happy to be a part of this process that will empower our people and develop our community. I applaud the leadership of Petralon 54 for their transparency and noble intentions, and would like to assure the company of the cooperation of the people of Okochiri,” he said.
Similarly, the chairman, Board of Trustees, Ogoloma Host Community Development Trust, Chief Miebaka Tamunopekerebia, described Petralon 54 Ltd as “a people-centric and responsible organisation with a strong commitment to partnership and collaboration. “Today’s event is a milestone and redefines the relationship between host communities and exploration companies. With the HCDT, a sustainable path to mutual growth, shared prosperity, and harmonious interaction has been created for the stakeholders in the oil and gas sector, and we are grateful to the federal government for the noble initiative that brought about this development.”
Specifically, Section Three of the Petroleum Industry Act mandates operators establish the Host Community Development Trust (HCDT) to foster sustainable prosperity, encourage peaceful coexistence, and address the needs of oil-bearing and impacted communities.
As a conduit for providing direct economic and social benefits to local communities, the operations of the incorporated Trust are envisioned to promote peace and ensure uninterrupted petroleum operations in communities.
Dignitaries at the two-day event for the inauguration of the Board of Trustees for Ogoloma and Koniama Communities Development Trusts included: Ndukwe Patrick, Permanent Secretary, Ministry of Chieftaincy and Community Affairs, Rivers State, Olatokunbo Karimu, Assistant Director, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Dr Ogechi Opete, Deputy Director, NUPRC, Port Harcourt Regional Office, who represented Engr. Gbenga Komolafe, Chief Executive, NUPRC, among others.
