Nigeria’s rig count rises by two, as OPEC increases by five

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World rig count, however, witnessed a shortfall of 63, having recorded 2,299 in the latest count, as against 2,362 recorded the previous month. Among the OPEC members, United Arab Emirate, UAE, had the most impressive rig count, plus four, as it had 67 in September, against 63 recorded in August. This was followed by Gabon, which had eight as against six previously. Ecuador has plus one, having recorded nine in September as against eight recorded in August.

Algeria led the losers pack with minus two, having got 42 in September, as against 44 recorded the previous month. It was followed by Congo, which had minus one, as its rig count for September showed two as against three seen in August. Kuwait also had minus one, as its September rig count witnessed 46, as against 47 recorded in August. Seven OPEC members had their rig count unchanged within the period under review. They include Angola, Equatorial Guinea, Iran, Iraq, Libya, Saudi Arabia and Venezuela, which had four, one, 157, 77, 16, 114 and 25 respectively.

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