Nigeria’s Rig Activity Bumps Up

By Toyin Akinosho

Nigeria’s rig activity has bumped up by more than 50% in the last 12 months.

There were 20 rigs actively working in the country’s onshore, shallow water and deepwater in February 2018, compared with 14 rigs in February 2017.
The busiest company remains Sterling Exploration, an Indian player operating two acreages and responsible for around a third of the country’s overall drilling activity.

Indigenous companies have been quite consistent, considering their size, in the last three years.

They still are.

But more international oil majors have emerged from their retreat, increasing the frenzy, according to the monthly rig report compiled for Africa Oil+Gas Report by Ofserv, a well service and production consulting company.

TOTAL was on two shallow water locations with two jack ups, as well as a deepwater location, during the month in review.

ExxonMobil has, for the first time in three years, returned to drill on the shelf (shallow water), though it has dropped its deepwater rigs.

Chevron has been the most active company with the drill bit, among the majors, in the last two years. It has a rig each onshore, shallow water and deepwater, making three.

Full details of Nigeria’s monthly rig activity can be found in this link.



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