Aging rigs drag deepwater oil output to five-year low

    Oladehinde Oladipo | Editor’s picks | Jun 23, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
2013
times

Nigeria’s deepwater oil production has plummeted to its lowest level in five years, underlining the growing structural and investment challenges facing Africa’s largest oil producer.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Life and Arts
Kizz Daniel: The rise of Nigeria’s 'King of Bangers'
Kizz Daniel has earned the title of undisputed ‘King of Bangers’ through consistent hit-making since his 2014 breakout. His strategy...
Anthony Udugba | Aug 15, 2025
Technology
Tax reforms to chop off 39 telecom levies
New tax reforms will eliminate 26 state-level and 13 local government levies that have long frustrated telecom expansion in Nigeria...
Royal Ibeh | Aug 14, 2025
Insurance
PFAs’ investment in REITS jumps five-fold on rising confidence
Investment interest in Real Estate Investment Trusts (REITs) has grown significantly in recent times on improved confidence in the economy...
Chuka Uroko & Modestus Anaesoronye | Aug 14, 2025
Insights
From delistings to listings: Lessons from South Africa's capital markets
Nigeria's equity market finds itself ensnared in a troubling paradox. While the Nigerian Exchange (NGX) has delivered an impressive 36...
Dr. Oluyemi Adeosun | Aug 14, 2025
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad