Africa’s Crude Oil Production In Decline

Algeria’s crude oil production has remained relatively flat, as has Angola’s, but that of Nigeria and Libya have fallen, between 2012 (yearly average) and 2013 (1H average), according to the Monthly Oil Market Reports (MOMR) published by the Organisation of Petroleum Exporting Countries(OPEC).

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Nigeria is Africa’s Busiest Drilling Site

Nigeria’s rig count of 43 in August 2017 accounts for more than a third of Africa’s total rig count of 125 for the month.
Of the details provided by the Nigerian chapter of the International Association of Drilling Contractors, Shell, the country’s largest operator, utilized nine rigs in all, with eight (8) on onshore locations (three in swamp, five on land) and one drilling a deepwater well.

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Nigeria is Africa’s Busiest Drilling Site

Nigeria’s rig count of 43 in August 2017 accounts for more than a third of Africa’s total rig count of 125 for the month.
Of the details provided by the Nigerian chapter of the International Association of Drilling Contractors, Shell, the country’s largest operator, utilized nine rigs in all, with eight (8) on onshore locations (three in swamp, five on land) and one drilling a deepwater well.

More

Nigeria is Africa’s Busiest Drilling Site

Nigeria’s rig count of 43 in August 2017 accounts for more than a third of Africa’s total rig count of 125 for the month.
Of the details provided by the Nigerian chapter of the International Association of Drilling Contractors, Shell, the country’s largest operator, utilized nine rigs in all, with eight (8) on onshore locations (three in swamp, five on land) and one drilling a deepwater well.

More