International offshore rig count down by over 100 rigs YOY

Oilfield services provider Baker Hughes announced on Thursday that the international offshore rig count in March 2016 was down by more than one hundred offshore rigs year over year. 

The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific.

According to Baker Hughes’ report, the international offshore rig count for March 2016 was 211, down 14 from the 225 counted in February 2016, and down 105 from the 316 counted in March 2015.

Total international rig count, including land and offshore rigs, for March 2016 was 985, down 33 from the 1,018 counted in February 2016, and down 266 from the 1,251 counted in March 2015.

U.S. & Canada

The average U.S. rig count for March 2016 was 478, down 54 from the 532 counted in February 2016, and down 632 from the 1,110 counted in March 2015.

The average Canadian rig count for March 2016 was 88, down 123 from the 211 counted in February 2016, and down 108 from the 196 counted in March 2015.

Worldwide

The worldwide offshore rig count for March 2016 was 241, down 13 from 254 counted in February 2016, and down 121 from 362 counted in March 2015.

The worldwide rig count for March 2016 was 1,551, down 210 from the 1,761 counted in February 2016, and down 1,006 from the 2,557 counted in March 2015.