Oil - Intelpoint

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Algeria leads Africa with 41 active oil rigs, making up nearly 29% of the continent's total count.
Nigeria follows with 31 rigs, confirming its strong position in West Africa’s upstream oil activity.
Egypt ranks third with 23 rigs, while Libya maintains 18 rigs despite its fluctuating political climate.
The top seven countries host 122 of Africa’s 144 rigs, showing drilling operations are concentrated in just a handful of nations.

The United States remains the undisputed leader with 589 active rigs, accounting for nearly a third of all rigs worldwide in 2024.
Canada (162 rigs) and Iran (117 rigs) follow as the second and third highest contributors to global drilling activity.
Middle Eastern producers dominate the top 10, with Kuwait (80), UAE (73), Saudi Arabia (70), Iraq (62), and Oman (50) collectively operating 335 rigs.
Nigeria ranks 15th globally with 31 active rigs, making it one of only two African nations in the global top 20.
The top 10 countries account for over 75% of the world’s active rigs, reflecting the continued concentration of drilling infrastructure in a handful of key oil-producing regions.

- Akwa Ibom, Delta, Rivers, and Bayelsa collectively account for nearly 85% of Nigeria’s crude oil production.

- Their impressive output reflects decades of focused investment and advanced production infrastructure in the Niger Delta.

- The disparity between these high-producing states and lower-performing regions like Abia and Imo highlights significant regional imbalances.

- The untapped potential in states with lower outputs presents promising opportunities for strategic development and future growth