International rig count rises in February

01/03/2024 Argaam

International rig count rises in February

Oil drilling rigs

The international rig count rose by 629 units in February, bringing the total count to 1,813 from 1,784 rigs in January , data of energy services firm Baker Hughes showed.

 

The oil rigs in the Middle East rose by one unit MoM and by 22 units year-on-year (YoY) to 329.

 

The international rig count, except for the US and Canada, decreased by seven units month-on-month (MoM) to 958.

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