Nigeria’s rig count rose by one in November 2017

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Nigeria’s rig count for the month of November, 2017, increased by one, as the country recorded 29 as against 28 recorded in the month of October of the same year, Vanguard reports.

This was contained in the latest data of the Organisation of Petroleum Exporting Countries (OPEC). This is a bit positive compared to the OPEC rig count, which declined by four, as it recorded 548 rigs in November as against 552 rigs recorded in October.

Similar decline was witnessed in the world rig count, which declined by 18 rigs, as 2,139 rigs were recorded in November as against 2,157 rigs recorded in October. Out of the 14 OPEC members, Kuwait had the highest increase of four as it recorded a rig count of 53 in November, as against 49 in October.