{"id":7097,"date":"2023-07-04T08:34:07","date_gmt":"2023-07-04T08:34:07","guid":{"rendered":"https:\/\/angolanembassy-nga.ao\/?p=7097"},"modified":"2023-07-04T08:34:09","modified_gmt":"2023-07-04T08:34:09","slug":"nigeria-angola-now-africas-biggest-oil-drilling-markets-report","status":"publish","type":"post","link":"https:\/\/angolanembassy-nga.ao\/?p=7097","title":{"rendered":"Nigeria, Angola now Africa\u2019s biggest oil drilling markets \u2013 Report"},"content":{"rendered":"\n

Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 2023 Offshore Rigs Tracker, released on Monday by Hawilti and the Caverton Offshore Support Group Plc, showed.<\/p>\n\n\n\n

Nigeria lost its position as top African oil producer several times on the back of repeated crude theft and pipeline vandalism, but is now showing signs of recovery, going by the recent monthly oil production figures released by the Organisation of Petroleum Exporting Countries.<\/p>\n\n\n\n

\u201cNigeria has caught up with Angola to also take the position of biggest drilling market this year, with a total of eight drilling campaigns confirmed offshore in both countries.<\/p>\n\n\n\n

\u201cHowever, activity is likely to remain higher in Angola as most drilling campaigns there are confirmed until the second half of 2024 already to support exploratory, infill, and development drilling,\u201d the report stated.<\/p>\n\n\n\n

It said several of the oil rigs mobilised offshore Nigeria had been extended, including the Valaris DS-10 for SNEPCo (Shell), and Shelf Drillings Baltic and Mentor rigs, for TotalEnergies and First E&P, respectively.<\/p>\n\n\n\n

In addition, it stated that Shelf Drilling had also secured new contracts for the Adriatic I and the Scepter units which were providing a boost to Nigeria\u2019s offshore drilling activities.<\/p>\n\n\n\n

\u201cThe former is for drilling on Oriental Energy Resources Ebok Field scheduled between May and August this year, while the latter is for a much longer, two-year contract for an undisclosed operator.<\/p>\n\n\n\n

\u201cIn total, Nigeria will see eight offshore drilling campaigns take place this year at any point in time, putting it at the same level as Angola,\u201d the report stated.<\/p>\n\n\n\n

It said the southern African country, Angola, had long held the position of top drilling destination on the continent as international oil companies had several rigs mobilised on long-term contracts there to support infill, development, and exploratory drilling in deep-water.<\/p>\n\n\n\n

\u201cThe recovery of Nigeria\u2019s offshore drilling activity is welcome news as the industry continues to be a main driver of the Nigerian economy. This is in turn providing unique opportunities for aviation services providers to pursue growth opportunities and provide safe and sustainable solutions to transport workers and equipment to offshore drilling rigs and platforms.<\/p>\n\n\n\n

\u201cSuch market activity also contributes to the development of other sectors such as search and rescue, VIP transport, and executive charter services,\u201d Capt Ibrahim Bello, Managing Director at Caverton Helicopters, stated in the crude oil rigs tracker report. Related News<\/p>\n\n\n\n