International rig count slumps in November: Baker Hughes

06/12/2024 Argaam

The international rig count dropped sharply by 46 units in November month-month (MoM) and 86 year-on-year (YoY) to 1,708, data of energy services firm Baker Hughes showed.

 

Oil rigs in the Middle East fell six MoM reaching a total of 336.

 

The international rig count, except for the US and Canada, declined 31 units MoM to 919 in November.

 

Oil & Gas Rigs

Region

A year earlier

October

November

MoM Change

YoY Change

Middle East

347

342

336

(6)

(11)

Total (excluding North America)

978

950

919

(31)

(59)
 

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