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Nigeria's Gold reserve is estimated at 200 million metric tonnes, according to the Nigeria Mining Growth Roadmap. Meanwhile, Trading Economics places Nigeria as the six largest country with Gold deposits in Africa, with an average of 21.46 tonnes from 2000 to 2019, reaching an

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Industrial Drilling Rigs Mining Machines that are designed to perform and built to endure. 1972 Paranthaman Engineering Works 1986 Paranthaman Rock Drill for manufacturing pneumatic drilling rigs was set up by the Founder-Chairman, T.P.Thangaraj 1992 First hydraulic rig was manufactured by Paranthaman Hydraulic Equipments 1999 First PRD rig exported to M/s Sparr Drilling, Kenya by

The petroleum industry in Nigeria has always been a major source of income in the country; it is currently the source of 95% of Nigeria's foreign exchange earnings. It is therefore obvious that oil and gas companies play a significant role in the Nigerian economy.

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