Nigeria’s rig count for the month of June showed a slight decline of minus one, having recorded 32 as against 33 recorded in May, at a time the 14-member Organisation of Petroleum Exporting Countries (OPEC), showed a decline of minus 13.
Leading the OPEC decline was its highest oil producer, the Kingdom of Saudi Arabia, which had minus eight, having had a rig count of 139 in June, as against 147 recorded in May. It was followed by Venezuela, with a minus-two rig count, as it recorded 68 as against 70, within the period under review.
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