Firm revives idle $28m oil rig after eight years

The Punch | 31-08-2026 08:20am |

Nestoil Group, an indigenous oil firm, has announced the deployment of its Pathfinder 500 drilling rig for the first time since its acquisition about eight years ago. The rig completed workover operations on two producing wells in Oil Mining Lease 42 without any health, safety, or environment incidents. This development is expected to support efforts to boost oil production in Nigeria.

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