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Two drilling companies, Ola-Mosh (Nigeria) Limited and Engineer Adejare Raji Enterprises, in their estimates dated Noveer 17, 2015, demanded N302,000 and N282,000, respectively.

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Cost of Borehole Drilling in Nigeria Depending on the drilling process, loion and man power involved, borehole drilling can cost between N120,000 to N500,000 on average especially if you live in states like Lagos, Ogun, Oyo, Ibadan, etc.

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LAGOS—Nigeria’s commercial capital, LAGOS, is on the verge of joining the country’s oil-producing states with the discovery of crude oil in commercial quantities in the coastal state.

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Up to four wells in prospect at Ogo field offshore Nigeria

LAGOS, Nigeria – Lekoil and partner Optimum Petroleum Development have reached resolution on block OPL 310 offshore Nigeria. They have executed a legally binding agreement under which Optimum, as operator, will progress appraisal and development activities on the Ogo discovery .