The number of oil drilling rigs worldwide fell by82units year-on-year (YoY) and 30 month-on-month inDecemberto 1,783, data from the oilfield services company Baker Hughes showed.
The Middle East rig countdecreasedbyfourunits to509inDecembercompared with the previous month, and dropped by 28 YoY.
Similarly, the number of oil and gas rigs worldwide – excluding the US and Canada –declinedbyeightunits MoM and 49 YoY to 1,065inDecember.
Change in Oil and Gas Rig Count
Region
A Year Ago
Previous Month
Current Month
MoM Change
YoY
Change
Middle East
537
513
509
(4)
(28)
Global (excl. North America)
1114
1073
1065
(8)
(49)
The number of oil drilling rigs worldwide fell by82units year-on-year (YoY) and 30 month-on-month inDecemberto 1,783, data from the oilfield services company Baker Hughes showed.
The Middle East rig countdecreasedbyfourunits to509inDecembercompared with the previous month, and dropped by 28 YoY.
Similarly, the number of oil and gas rigs worldwide – excluding the US and Canada –declinedbyeightunits MoM and 49 YoY to 1,065inDecember.
Change in Oil and Gas Rig Count
Region
A Year Ago
Previous Month
Current Month
MoM Change
YoY
Change
Middle East
537
513
509
(4)
(28)
Global (excl. North America)
1114
1073
1065
(8)
(49)
