Adenuga’s Companies Garner Double Honours in The 2015 Oil & Gas Awards
The 2015 Oil & Gas Awards took place at the Eko Hotels and Suites, Victoria Island, Lagos, on Thursday, 23rd of April with leading indigenous oil producing company, Conoil, emerging the ‘Best Company in Local Content’ while Continental Oil & Gas, a sister company to Conoil, won the ‘Best company in Corporate Social Responsibility (CSR)’ award.
Conoil and Continental oil companies, owned by multi-billionaire businessman, Mike Adenuga Jr. beat three other nominees in the same categories to clinch to the awards.
Speaking on the criteria for nomination into the category, the organizers of the event, Oval Energy and BusinessDay Newspapers, explained that Conoil Producing surpassed other nominees considered for the award.
They further stated that Conoil Producing emerged the Best Company in Local Content under the Sole Risk Independent Company category having met the required parameters such as Ratio of Nigerian to Foreign Contractors Engaged, Nigerian Human Capacity Development Initiatives, Sponsorship and Partnerships and Number of Nigerians in Management Positions.
On the Best Company in CSR Award, the organizers stated that Continental Oil & Gas company emerged the winner in this category for being the best in terms of donations, scholarships and development of host communities and also in motivating employees to give their time to CSR work.
All nominees for the 2015 Oil and Gas Awards were scrutinized and judged based on laid down Oil & Gas industry standards while the awards were broadly categorized into Joint Venture, Sole Risk/Independent, Marginal Field, Downstream Major Marketers, Downstream Independent Marketers and Service Sector.
The event was attended by top personalities in the oil & gas industry with George Osahon, the Director of Department of Petroleum Resources, giving the keynote address. Mobil Oil, Total and Oando Plc also won awards in other categories.
Speaking at the event, Publisher of BusinessDay, Frank Aigbogun, said “the award aims to recognize, reward and celebrate excellence, innovation and contributions of individuals, organizations and institutions to the growth and development of the upstream, mid and downstream subsectors of the Nigerian oil and gas industry.”