Nestoil invests $28 million to boost Nigerian crude production

Nestoil Group disclosed a $28 million investment in two new drilling rigs aimed at increasing crude oil output and strengthening domestic drilling capabilities at the OML 42 block in Nigeria.

1 Sept, 06:56 — 1 Sept, 06:56

Post Share

Sources

Showing 1 of 1 sources

vanguard-ngMixed1d ago

OML 42: Nestoil targets improved oil production with $28m investment

Nestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining […] The post OML 42: Nestoil targets improved oil production with $28m investment appeared first on Vanguard News.

By Urowayino Jeremiah

Read full article →

Nestoil invests $28 million to boost Nigerian crude production

Sources

OML 42: Nestoil targets improved oil production with $28m investment

Related Stories

US and Iran Exchange Strikes as Markets React to Escalation

BP Appoints Ian Tyler as New Chairman Following Leadership Transition

Everus Construction and California Resources Finalize Major Corporate Acquisitions

Nvidia Nears $14 Billion Acquisition of AI Startup Hugging Face