International rig count slips from October to November

  • December 7, 2018

The world’s count of active oil and gas rigs dropped in November, according to an announcement by Baker Hughes Company.

It said the international rig count for November 2018 was 991, down 26 from the 1,017 reported in October 2018. But it was also 49 more than the 942 reported in November 2017.

The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.

The average U.S. rig count for November 2018 was 1,077, up 15 from the 1,062 counted in October 2018, and up 166 from the 911 counted in November 2017. The average Canadian rig count for November 2018 was 198, up 6 from the 192 counted in October 2018, and down 6 from the 204 counted in November 2017.

The worldwide rig count for November 2018 was 2,266, down 5 from the 2,271 counted in October 2018, and up 209 from the 2,057 counted in November 2017.

November 2018 Rig Counts

November2018

 October2018 November2017
Land Offshore Total

Month
Variance

 Land Offshore Total Land Offshore Total
Latin America 161 28 189 -4 168 25 193 157 24 181
Europe 56 27 83 -9 56 36 92 59 26 85
Africa 87 16 103 -4 88 19 107 74 11 85
Middle East 344 50 394 -10 356 48 404 339 39 378
Asia Pacific 137 85 222 1 142 79 221 130 83 213
International 785 206 991 -26 810 207 1,017 759 183 942
United States 1,055 22 1,077 15 1,041 21 1,062 891 20 911
Canada 196 2 198 6 190 2 192 203 1 204
North America 1,251 24 1,275 21 1,231 23 1,254 1,094 21 1,115
Worldwide 2,036 230 2,266 -5 2,041 230 2,271 1,853 204 2,057

Jerry Bohnen