International oil rig count declines in December: Baker Hughes

Oil drilling rigs

The international rig count decreased by 55 units in December to 1,739 from 1,794 in November, data from energy services firm Baker Hughes showed.

 

The oil rigs in the Middle East dropped by 11 units month-on-month (MoM) to 336, but rose by 13 year-on-year (YoY).

 

Meanwhile, the international oil and gas rig count, except for the US and Canada, dropped by 23 units MoM to 955.
 

Oil & Gas Rigs

Region

Year Before

November

December

MoM Change

YoY Change

Middle East

323

347

336

11

13

Total (exc. North America)

900

978

955

23

55

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