Rig Count Rises To 41 As NUPRC Enforces Drill Or Drop Policy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant increase in rig activity, rising from 11 rigs before the Petroleum Industry Act (PIA) to 42 rigs currently in operation. This surge reflects growing investor confidence and a revitalised upstream sector, driven largely by the Commission’s enforcement of the “Drill or Drop” policy. However, [...]

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