Nigeria: Nestoil Invests $28m to Boost Crude Oil Output

Nigeria: Nestoil Invests $28m to Boost Crude Oil Output

Nestoil Group has successfully deployed one of its rigs, the Pathfinder 500, completing workover operations on two producing wells in Oil Mining Lease (OML) 42 through its strategic business unit, Scorpio Drilling International.

Firm revives idle $28m oil rig after eight years

An indigenous oil firm, Nestoil Group, has announced the deployment of its Pathfinder 500 drilling rig for the first time since its acquisition about eight years ago, completing workover operations on two producing wells in Oil Mining Lease 42 without recording any health, safety and environment incidents. The development is expected to support efforts to Read More: https://punchng.com/firm-revives-idle-28m-oil-rig-after-eight-years/

Nestoil deploys indigenous rig on Nigeria's OML 42

Nestoil Group deployed its wholly Nigerian-crewed drilling rig, the Pathfinder 500, to complete workover operations on two producing wells in Oil Mining Lease (OML) 42 in the Niger Delta. The rig, operated through Nestoil’s drilling unit Scorpio Drilling International, finished the campaign without a health, safety or environment incident before being demobilized to base. Group … The post Nestoil deploys indigenous rig on Nigeria’s OML 42 appear…

Nestoil Revives Eight-Year Idle Rig To Boost Oil Production At OML 42

Nestoil Group has returned a drilling rig to productive operation after about eight years of inactivity, using the equipment to raise crude oil output from Oil Mining Lease 42 as the Nigerian energy company moves to extract more barrels from the mature Niger Delta asset. The Pathfinder 500 has completed workover operations on two producing […] The post Nestoil Revives Eight-Year Idle Rig to Boost Oil Production at OML 42 appeared first on Invest…