il & Gas awards: Conoil Producing clinches 'Best Company in local Content award'

il & Gas awards: Conoil Producing clinches 'Best Company in local Content award'

The 2015 edition of Oil & Gas Awards organized by Oval Energy and Business Day Newspapers was held at the Eko Hotels and Suits in Victoria Island on Thursday night, with indigenous oil producing company Conoil emerging ‘Best Company in Local Content’.

Continental Oil & Gas, a sister company to Conoil, also won in the ‘Best Company in Corporate Social Responsibility (CSR)’ category. 

Conoil Producing and Continental Oil & Gas won the Best Company in Local Content and Best company in CSR respectively at the 2015 Oil & Gas Awards held at the Eko Hotels and Suites, Victoria Island, Lagos, on Thursday night. Here, staff of the companies Fatai Adegbuyi,Field Operations Superintendent (1st left); Erekata Julius, Chief Financial Officer (2nd left); Publisher of BusinessDay, Frank Aigbogun (3rd left); and Mike Andino, Head, Drilling and Operations at the event.

The organizers of the event, Oval Energy and BusinessDay Newspapers revealed that certain criteria was taken into consideration before nomination into the various categories, stating that Conoil Producing outclassed other nominees considered for the award.

According to the criteria used for selection, Conoil Producing won the Best Company in Local Content under the Sole Risk Independent Company category after meeting 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.  

The organizers said that Continental Oil & Gas Company won in the CSR category for being the best in terms of donations, scholarships and development of host communities and for its employees’ commitment to CSR work.

The awards which were broadly categorized into joint venture, Sole Risk/Independent, Marginal Field, Downstream Major Marketers, Downstream Independent Marketers and Service Sector rated the nominees according to laid down Oil & Gas industry standards.

George Osahon, Director of Department of Petroleum Resources, industry regulator, gave the keynote address at the event which was largely attended by the cream of the energy, oil & gas industry. Mobil Oil, Total and Oando Plc also won in their respective categories.

Publisher of BusinessDay, Frank Aigbogun, said in his remarks “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 sub-sectors of the Nigerian oil and gas industry.”

Both Conoil Producing and Continental Oil and Gas are owned by Globacom Chairman, Dr Mike Adenuga Jr. The companies beat three other nominees in the same categories to clinch to the awards