News
Oil & Gas
OML 42: Nestoil invests $28m in rigs to boost production
Vanguard
Aug 31, 2026 · 14:47 WAT
Nestoil Group has invested approximately $28 million in two drilling rigs through its Scorpio Drilling International unit. The equipment is intended to support crude oil production and expand indigenous drilling capacity at OML 42 in Nigeria. Nestoil is not identified as a listed company in the provided stock list.