OML 42: Nestoil invests $28m in rigs to boost production
The Group disclosed this in a statement on Monday, saying its strategic business unit, Scorpio Drilling International, recently deployed the Pathfinder 500 rig to Oil Mining Lease (OML) 42, where it completed workover operations on two producing wells without any Health, Safety and Environment (HSE) incidents.
Obiejesi said the acquisition and deployment of the two rigs had significance beyond the Nestoil Group, noting that Scorpio Drilling International’s ownership of two operating rigs represented a contribution to the development of indigenous drilling capacity in Nigeria.
By Obas Esiedesa, Abuja Nestoil Group has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria.
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