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

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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

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Nestoil invests $28 million to boost Nigerian crude production

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

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