Baker Hughes Oil Rig Count Chart

BHI announced today that the international rig count for April was , down 39 from the counted in March , and down from the 1, counted in April The oil rig count was up by 15 to 1, Close Unlock this content. The greatest care possible was taken to ensure consistency of information in order make a like-for-like comparison in project costs.

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The region operated land and 83 offshore rigs in July compared to and 75, respectively, in June. Of the total rigs operating in the region in July, were oil, 56 gas and four "miscellaneous. Mexico led the region with a total rigs in July, including onshore. By comparison, the country had rigs operating in June, including 96 on land. Brazil came second in the region with 63 rigs, the same as the previous month, split roughly evenly between onshore and offshore.

Venezuela's rig count was 54 in July, down by seven from June, with 43 onshore and 11 maritime rigs. Argentina's rig count rose by two to 47, Bolivia's increased by one rig to four, and Ecuador's rig count stayed flat at Meanwhile, Colombia had 28 rigs, flat from June, all of which were onshore.

The count only covers rigs that are "significant consumers of oil field services" and does not cover cable tool, minor truck-mounted or unregulated rigs, according to Baker Hughes. How can we help you? Your questions and comments are important to us. This is a Free Account. If you want to have full access please Start a free trial. If you want to have full access please Start a Free Trial.

Where applicable, a project is considered as such until the end of construction and ramp-up to full capacity with the exception of mining projects, where the date of commissioning signifies the end of the project.

Projects must have a:. For state-owned projects, initial information about the start date and estimates for completion and investment are taken from original signed contracts, along with addendums and annexes. If original contracts cannot be obtained, information is taken from public documents, presentations, news articles from BNamericas archives, and external sources.

The international rig count included the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since The company also said that the number of rigs in the world for last month rose by 60 to 1, rigs, compared to May Baker Hughes said that the number of drilling rigs actively exploring or developing oil in June rose 4.

The June rig count also reflects changes for five countries and regions including Indonesia, Colombia, Venezuela, Algeria and offshore China. Baker Hughes reported the total number of offshore rigs was , down from rigs in May, but up from rigs for the same period last year. The number of rigs on land in June was 3,, up from 2, rigs in May and 2, in the same month a year ago.

Drillers added seven oil rigs in the week to Aug. They have added a total of 51 rigs since the week to July 1, the longest streak of weekly additions since July-August , when 37 rigs were added over six weeks.

Click here for video: Energy firms continued to add most rigs in the Permian shale in west Texas and eastern New Mexico. They activated five rigs there this week, bringing the total to , the most since February and 34 percent over recent lows in April. Earlier in the week, U.