OML 42: Nestoil targets improved oil production with $28m investment

Vanguard Sep 1, 2026 · 07:56 WAT

Nestoil Group has invested approximately $28 million in two drilling rigs through Scorpio Drilling International to increase crude oil production and strengthen indigenous drilling capacity. The Pathfinder 500 rig has been deployed to Oil Mining Lease 42 in Nigeria.

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