The number of oil drilling rigs worldwide fell by 164 units year-on-year (YoY) in October to 1,800, marking a monthly decrease of 12 rigs compared to the previous month, data from the oilfield services company Baker Hughes showed.
The Middle East rig count declined by 6 units to 505 in October compared with the previous month.
Meanwhile, the number of oil and gas rigs worldwide – excluding the US and Canada – dropped by 25 units to 1,059 in October, down by 101 YoY.
Change in Oil and Gas Rig Count
Region
A Year Ago
Previous Month
Current Month
MoM Change
YoY
Change
Middle East
552
511
505
(6)
(47)
Global (excl. North America)
1160
1084
1059
(25)
(101)
The number of oil drilling rigs worldwide fell by 164 units year-on-year (YoY) in October to 1,800, marking a monthly decrease of 12 rigs compared to the previous month, data from the oilfield services company Baker Hughes showed.
The Middle East rig count declined by 6 units to 505 in October compared with the previous month.
Meanwhile, the number of oil and gas rigs worldwide – excluding the US and Canada – dropped by 25 units to 1,059 in October, down by 101 YoY.
Change in Oil and Gas Rig Count
Region
A Year Ago
Previous Month
Current Month
MoM Change
YoY
Change
Middle East
552
511
505
(6)
(47)
Global (excl. North America)
1160
1084
1059
(25)
(101)
