Nigeria’s oil exploration declines 41.7% as rig count falls — OPEC

By Udeme Akpan Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report, MOMR, of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – […] The post Nigeria’s oil exploration declines 41.7% as rig count falls — OPEC appeared first on Vanguard News .

Original source: Vanguard Nigeria