TotalEnergies to take 50% of OPL257 from Nigerian billionaire Mike Adenuga’s Conoil
Billionaires Africa | 20.11.2025 19:47
Conoil Producing, the oil exploration outfit of Nigerian telecom and oil billionaire Mike Adenuga, has agreed to sell a 50 percent operated interest in block OPL257 to global energy company TotalEnergies. The swap deal, structured to create value for both parties, will also allow Conoil to acquire TotalEnergies’ 40 percent participating interest in block OML136.
