International rig count declines in February: Baker Hughes

Oil drilling rigs

The international rig count decreased by 71 units year-on-year (YoY), but rose by 46 month-on-month (MoM) in February to 1,741, data of energy services firm Baker Hughes showed.

 

The oil rigs in the Middle East were flat MoM at 346, despite a YoY decline of three.

 

The international rig count, except for the US and Canada, remained unchanged MoM at 905, but declined by 53 units YoY.

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