October 18, 2018

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Nigeria records declining rig count, as OPEC shows minus 13 (Vanguard)

Nigeria records declining rig count, as OPEC shows minus 13 (Vanguard)

Nigeria’s rig count for the month of June showed a slight decline of minus one, having recorded 32 as against 33 recorded in May, at a time the 14-member Organisation of Petroleum Exporting Countries (OPEC), showed a decline of minus 13.

Leading the OPEC decline was its highest oil producer, the Kingdom of Saudi Arabia, which had minus eight, having had a rig count of 139 in June, as against 147 recorded in May. It was followed by Venezuela, with a minus-two rig count, as it recorded 68 as against 70, within the period under review.

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