International offshore rig count goes further down in February

The international offshore rig count for February 2017 was down both sequentially and year over year, which is the third time in a row, according to Baker Hughes’ monthly rig count reports. 

The report by the oilfield services provider shows that the international offshore rig count for February 2017 was 200, down 6 from the 206 counted in January 2017, and down 25 from the 225 counted in February 2016.

The international rig count for February 2017, which includes land and offshore units, was 941, up 8 from the 933 counted in January 2017, and down 77 from the 1,018 counted in February 2016.

The average U.S. rig count for February 2017 was 744, up 61 from the 683 counted in January 2017, and up 212 from the 532 counted in February 2016.

The average Canadian rig count for February 2017 was 342, up 40 from the 302 counted in January 2017, and up 131 from the 211 counted in February 2016.

The worldwide rig count for February 2017 was 2,027, up 109 from the 1,918 counted in January 2017, and up 266 from the 1,761 counted in February 2016.

The worldwide offshore rig count for February 2017 was 222, down 9 from the 231 counted in January 2017, and down 32 from the 254 counted in February 2016.

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