Nigeria’s oil rigs rise by 23% on gains of PIA

Oil sector urged to streamline operations as Esso E&P flags efficiency gaps

In a continued upward trajectory witnessed in oil and gas exploration activities, the rig count, an index measuring upstream activities, surged by 23 percent year-on-year (YoY) to 16 rigs in February 2024. This leap marks a considerable increase from the 11 rigs recorded during the corresponding

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