Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 2023 Offshore Rigs Tracker, released on Monday by Hawilti and the Caverton Offshore Support Group Plc, showed.
Nigeria lost its position as top African oil producer several times on the back of repeated crude theft and pipeline vandalism, but is now showing signs of recovery, going by the recent monthly oil production figures released by the Organisation of Petroleum Exporting Countries.
“However, activity is likely to remain higher in Angola as most drilling campaigns there are confirmed until the second half of 2024 already to support exploratory, infill, and development drilling,” the report stated. In addition, it stated that Shelf Drilling had also secured new contracts for the Adriatic I and the Scepter units which were providing a boost to Nigeria’s offshore drilling activities.
“In total, Nigeria will see eight offshore drilling campaigns take place this year at any point in time, putting it at the same level as Angola,” the report stated.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIBA AfroCan: Nigeria in a tough group to face Angola, MaliThe home-based D’Tigers have graciously been handed one of the two wildcards at the upcoming FIBA AfroCan tournament.
Read more »
President election court admits in evidence EU Observers' report on Nigeria’s 2023 pollsThe EU observers' report, which was critical of INEC's conduct of the disputed election, was admitted as an exhibit in the case filed...
Read more »
Road accident claims 2 lives in Osun | The Guardian Nigeria News - Nigeria and World NewsThe Federal Road Safety Corps (FRSC ), Osun Command, says no fewer than two persons lost their lives in an accident that occurred on Ife-Ondo road due to speeding and brake failure.
Read more »
Soaring cost of governance: All eyes on Tinubu | The Guardian Nigeria News - Nigeria and World NewsWith about 26 days left to constitutionally nominate cabinet ministers, and as his government continues to take shape, President Bola Ahmed Tinubu, for the umpteenth time, has been reminded of the need to cut the cost of governance in line with economic current realities.
Read more »
Lagos-Abeokuta Expressway: Residents lament dilapidation, accidents | The Guardian Nigeria News - Nigeria and World NewsResidents of Ojokoro Low-Cost Housing Estate in Meran, Lagos, have sent an SOS to the Federal Government over deaths caused by one-way driving due to failed portions of the Lagos-Abeokuta Expressway.[
Read more »
Pakistan Taliban kill four police in Balochistan attack | The Guardian Nigeria News - Nigeria and World NewsFour security officers were killed in a shootout in Pakistan's southwestern Balochistan province on Sunday, officials said, in an attack claimed by the Pakistan Taliban.
Read more »