Adenuga’s exploration outfit, Conoil Producing, operates 6 oil blocks in the Niger Delta. Today, his CONOIL PLC. is the largest indigenous oil production company in Nigeria operating six producing oil blocks in addition to owning ¼ of the Nigeria/Sao Tome Joint Development Zone Block 4, which has been proven to have almost one billion barrels of crude oil and about one trillion cubic feet of natural gas."
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