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Upstream sector: Nigeria's rig count rises 40% to 14

Upstream sector: Nigeria's rig count rises 40% to 14
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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'Heirs Holdings' $1.1bn OML 17 deal demonstrates renewed confidence in Nigeria's economy'

By Udeme Akpan, Energy Editor
THE investment of over $1billion by Heirs Holdings in the acquisition of the strategic Oil Mining License, OML 17 from Shell, ENI and Total, has been described by various analysts as a very positive affirmation of confidence in the robustness of the Nigerian economy.
In a telephone interview with Energy Vanguard, weekend, President, Oil and Gas Service Providers Association of Nigeria, Maxi Colman Obasi, said: “At a time of increased pessimism globally and in Nigeria, the huge deal shows a welcome light on the opportunities that are available in Nigeria. Heirs Holdings is a committed indigenous business and the presence of Transcorp, Nigeria’s largest listed conglomerate, with over 300,000 shareholders in the transaction would impact on operations.” ....

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