The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a substantial increase in Nigeria's oil rig count, with numbers soaring from eight in 2021 to 69. This marks a 762.5% rise over four years, indicating a resurgence of activity and confidence in the oil and gas sector, reported the Nation Newspaper. The current rig count comprises 40 active rigs, eight on standby, five on warm stack, four on cold stack and 12 in transit. The NUPRC anticipates further growth in the coming months. ...