Mike Adenuga Exports New Nigerian Crude Grade To International Market

Conoil Producing, led by billionaire Mike Adenuga, launched Nigerias newest crude grade, Obodo blend, from the OML 150 block.

Oando Trading, headed by Wale Tinubu, completed the first international export of Obodo crude aboard the vessel Atlantic Spirit.

Century Ports and Terminals enabled seamless loading operations, showcasing the rising capabilities of indigenous Nigerian energy companies.

Conoil Producing, the oil exploration outfit of Nigerian telecom and oil billionaire Mike Adenuga , has made another bold move in Africas energy industry by achieving a major milestone: the export of Nigerias newest crude oil blend, known as the Obodo blend.

In April 2025, Conoil Producing, under the leadership of Adenuga, the first Nigerian businessman to strike oil, officially launched the Obodo blend, marking a fresh chapter for Nigerias oil industry. Production was carried out under a production sharing contract with the Nigerian National Petroleum Company Limited NNPCL.

The Obodo blend is a medium sweet crude, extracted from the onshore OML 150 block. This block is managed by Continental Oil Gas Limited, one of the operating companies under Adenugas Conoil Producing, which holds six oil blocks across the Niger Delta.

In a historic first, Oando Trading, the trading arm of Oando Group led by Group Chief Executive Wale Tinubu, became the first company to purchase and lift the new Obodo blend. The offtake was carried out by the Atlantic Spirit, one of Oandos vessels, under the watch of Century Ports and Terminals, marking the debut of Obodo crude on the international market.

Celebrating the milestone, Wale Tinubu said : Congratulations to Dr. Mike Adenuga GCON and the entire CONOIL team for successfully producing OBODO Crude, Nigerias newest medium sweet crude grade blend. Hats off to Century Group, as well, for making history as the countrys leading indigenous FPSO operator. Were honored to have played a part in this chapter of your story by lifting the first cargo for international export on board the Atlantic Spirit a bold leap for indigenous excellence on the global energy stage.