International rigs count falls 51 units in May: Baker Hughes

07/06/2024 ِArgaam

International rigs count falls 51 units in May: Baker HughesOil drilling rigs


The international rig count decreased by 51 units month-on-month (MoM) in May, bringing the total count to 1,675, data of energy services firm Baker Hughes showed.

 

The oil rigs in the Middle East declined by two MoM to 341 units but rose year-on-year (YoY).

 

The international rig count, except for the US and Canada, declined by 25 units MoM to 953.

 

Oil & Gas Rigs

Region

A year earlier

March

April

MoM Change

Y-o-Y Change

Middle East

339

343

341

(2)

2

Total (excluding North America)

965

978

953

(25)

(12)

 

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