Regulatory reforms push up oil rigs by 48%

    Cynthia Egboboh | Editor’s picks | Jul 10, 2025    
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Nigeria’s upstream oil and gas sector is experiencing a resurgence, with the country’s rig count rising by 48 percent, from 31 in January 2025 to 46 as of July, a development industry regulators attribute to renewed investor confidence, regulatory reforms, and executive directives aimed at boosting production.

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