Baker Hughes sees Y-o-Y increase in worldwide offshore rig count

The worldwide offshore rig count in August 2019 decreased by ten units sequentially, but increased by 41 unit year-over-year, according to reports by Baker Hughes, a GE company.

Illustration. Author: SP Mac

BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count.

Baker Hughes reported on Monday that the international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018.

The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July 2019, and up 32 from the 212 counted in August 2018.

Looking at separate regions, Asia Pacific region had the highest number of offshore rigs during August 2019, totaling 92 units. This is down two rigs from 94 in July 2019 and up 4 rigs from August 2018.

In the Middle East region, there were 53 rigs during August 2019, down 4 from July 2019 and up 2 from August 2018.

Europe took the third place in the offshore rig count for August 2019 with 51 active units followed by Latin America with 30 and Africa with 18 active units.

In North America, the offshore rig count in August 2019 was 29, up one rig from July 2019 and up 9 rigs from August 2018.

The average U.S. rig count for August 2019 was 926, down 29 from the 955 counted in July 2019, and down 124 from the 1,050 counted in August 2018.

The average Canadian rig count for August 2019 was 142, up 21 from the 121 counted in July 2019, and down 78 from the 220 counted in August 2018.

The worldwide rig count for August 2019 was 2,206, down 32 from the 2,238 counted in July 2019, and down 72 from the 2,278 counted in August 2018.

The worldwide offshore rig count for August 2019 was 273 for August 2019, down 10 from 283 in July 2019, and up 41 rigs from 232 in August 2018.

Offshore Energy Today Staff


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