Rigs

When we look at the oil sector, one crucial indicator captures the pulse of the industry: the rig count. At a glance, a high rig count generally signifies a flourishing oil economy. This number reflects the vibrancy of exploration and production (E&P) activities, which in turn attract significant investments, create job opportunities, and ultimately enhance revenue streams. In a way, it’s like a heartbeat—the stronger it is, the healthier the industry appears. In numerous African nations, where oil and gas…