International offshore rig count rises in July

The international offshore rig count for July 2018 increased both sequentially and year-over-year, according to a monthly report issued on Tuesday by Baker Hughes, a GE company.

The international offshore rig count for July 2018 was 217, up 22 from the 195 counted in June 2018, and up 13 from the 204 counted in July 2017.

Asia Pacific was again the region with the most offshore rigs, with 91 unit in July this year, up from 79 in June 2018, and 76 in July 2017.

Offshore rig count also grew in the Middle East, where there were 46 offshore rigs in July 2018, up from 42 from June 2018, and up from 45 in July 2017.

Overall rig counts

The international rig count for July 2018, including onshore and offshore rigs, was 997, up 38 from the 959 counted both in June 2018 and in June 2017.

The average U.S. rig count for July 2018 was 1,050, down 6 from the 1,056 counted in June 2018, and up 97 from the 953 counted in July 2017.

The average Canadian rig count for July 2018 was 204, up 67 from the 137 counted in June 2018, and up 6 from the 198 counted in July 2017.

The worldwide rig count for July 2018 was 2,251, up 99 from the 2,152 counted in June 2018, and up 141 from the 2,110 counted in July 2017.