Worldwide offshore rig count in November up 41 rigs year-over-year

  • Exploration & Production

The worldwide offshore rig count in November 2019 increased by four units sequentially and 41 units year-over-year, according to Friday rig count reports by Baker Hughes Company.

Illustration. Author: SP Mac

BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count.

Baker Hughes reported on Friday that the international rig count for November 2019 was 1,096, down 34 from the 1,130 counted in October 2019, and up 105 from the 991 counted in November 2018.

The international offshore rig count for November 2019 was 247, up 5 from the 242 counted in October 2019, and up 41 from the 206 counted in November 2018.

Looking at separate regions, Asia Pacific region had the highest number of offshore rigs during November 2019, totaling 89 units. This is down two rigs from 91 in October 2019 and up four rigs from November 2018 count of 85 rigs.

In the Middle East region, there were 53 rigs during November 2019, down three from October 2019 and up three from November 2018.

Europe took third place in the offshore rig count for November 2019 with 43 active units during November 2019, up one unit from October 2019 and up 16 rigs from November 2018. Europe was followed by Latin America with 35 and Africa with 27 active units.

The average U.S. rig count for November 2019 was 810, down 38 from the 848 counted in October 2019, and down 267 from the 1,077 counted in November 2018.

The average Canadian rig count for November 2019 was 136, down 9 from the 145 counted in October 2019, and down 62 from the 198 counted in November 2018.

The worldwide rig count for November 2019 was 2,042, down 81 from the 2,123 counted in October 2019, and down 224 from the 2,266 counted in November 2018.

The worldwide offshore rig count for November 2019 was 271, up four from 267 in September 2019, and up 41 rigs from 230 in November 2018.



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