NIGERIA RECORDS DECLINE IN RIG COUNT FOR JUNE
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.
OPEC rig count in June was 544 as against 557 recorded in May. 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. In the same league with Nigeria of with minus one rig count are Gabon and Qatar, while Gabon had three as against four, Qatar had 10 as against 11 within the period under review.