Nearly 2,100 oil and gas rigs reported worldwide

  • June 7, 2018

 

The latest figures show a drop in international rig activity, according to a report from Baker Hughes.

The count for May 2018 was 967, a drop of 11 from the 978 reported in April.  But it is up 10 from the 957 reported in May of 2017.

The international offshore rig count increased by 4, reaching 198 in May.  But it was lower from the 202 reported in May of a year ago.

At the same time, the average U.S. rig count for May was 1,046, an increase of 35 from the 1,011 reported in April and up 153 from May of last year.

Worldwide including offshore and those in the U.S. the total rig count for May was 2,096, up 9 from the 2,087 reported in April and up 161 from the count in May of 2017.

May 2018 Rig Counts

May 2018

April2018

May2017
Land Offshore Total

Month
Variance

 Land Offshore Total Land Offshore Total
Latin America 150 24 174 -15 163 26 189 155 35 190
Europe 52 28 80 -8 54 34 88 60 35 95
Africa 77 17 94 0 79 15 94 69 15 84
Middle East 353 48 401 3 355 43 398 350 41 391
Asia Pacific 137 81 218 9 133 76 209 121 76 197
International 769 198 967 -11 784 194 978 755 202 957
United States 1,026 20 1,046 35 995 16 1,011 871 22 893
Canada 80 3 83 -15 95 3 98 83 2 85
North America 1,106 23 1,129 20 1,090 19 1,109 954 24 978
Worldwide 1,875 221 2,096 9 1,874 213 2,087 1,709 226 1,935

 

Jerry Bohnen