International rig count fall in March: Baker Hughes

01/04/2022 Argaam
Oil drilling rigs

Oil drilling rigs

The international rig count decreased by eight units month-on-month (MoM) in March, bringing the total count to 1,661, data of energy services firm Baker Hughes showed.

 

The international rig count, except for the US and Canada, rose by two units to 815 MoM.

 

The oil rigs in the Middle East jumped by 16 MoM to 303 and 42 year-on-year (YoY).

 

The gas rig count across the world rose by 56 to 1,504 in October, compared with 1,448 in September.

 

Oil & Gas Rigs

Region

A year Earlier

February

March

Monthly Change

Yearly Change

Middle East

261

278

303

16

42

Total (Excluding the US and Canada)

715

813

815

2

100

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