Conoil Plc (CONOIL.ng) 2022 Annual Report

Conoil Plc (CONOIL.ng) listed on the Nigerian Stock Exchange under the Energy sector has released its 2022 annual report.

For more information about Conoil Plc (CONOIL.ng) reports, abridged reports, interim earnings results and earnings presentations visit the Conoil Plc (CONOIL.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for Conoil Plc (CONOIL.ng) in the past 12 months, as of 3rd September 2023, is US$6.73M (NGN4.35B). An average of US$560.77K (NGN362.22M) per month.

Conoil Plc 2022 annual report

Company Profile

Conoil Plc is a petroleum exploration and production company in Nigeria that extracts, produces and sells crude oil as well as supplies a range of lubricants and household and liquefied petroleum gas for use by the domestic and industrial sectors. The company supplies what is referred to as White products, which is premium motor spirts, aviation turbine kerosene, dual purpose kerosene, low-pour fuel oil and automotive gasoline/grease oil. Products in its lubricant range include transport lubricants, industrial lubricants, greases, process oil and bitumen. Products in its liquefied petroleum gas range include liquefied petroleum gas sold in bulk, gas-packed, cylinders and valves. Established in 1984 and formerly known as Consolidated Oil Nigeria Limited, the company changed its name to Conoil Producing Plc. The company has exploration licenses for 6 highly prospective blocks in the Niger Delta which it acquired and paid for after competitive bidding rounds organised by the Federal Government of Nigeria. Conoil Producing has discovered hydrocarbon offshore southeast of Niger Delta and initial logging interpretations is looking promising. Conoil Plc’s head office is in Lagos, Nigeria. Conoil Plc is listed on the Nigerian Stock Exchange