Worldwide offshore rig count in February down two rigs year-over-year

The worldwide offshore rig count in February 2020 has risen by two units sequentially, but dropped by the same number year-over-year, according to a rig count report by Baker Hughes Company.

lllustration; Author: SP Mac (under permission from the photographer)

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

The international rig count for February 2020 was 1,085, up 7 from the 1,078 counted in January 2020, and up 58 from the 1,027 counted in February 2019.

The international offshore rig count for February 2020 was 245, unchanged from the 245 counted in January 2020, and down 5 from the 250 counted in February 2019.

Looking at separate regions, the Asia Pacific region had the highest number of offshore rigs during February 2020, totaling 91 units – the same as in January 2020. This is down 14 rigs from 105 in February 2019.

In the Middle East region, there were 54 rigs active during February 2020, down four from January 2020 as well as February 2019.

Latin America took third place in the offshore rig count for February 2020 with 37 active units after a long time of Europe holding that spot. Europe dropped to fourth with 32 and Africa was fifth with 31 active units.

The average U.S. rig count for February 2020 was 791, unchanged from the 791 counted in January 2020, and down 258 from the 1,049 counted in February 2019.

The average Canadian rig count for February 2020 was 249, up 45 from the 204 counted in January 2020, and up 19 from the 230 counted in February 2019.

The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.

The worldwide offshore rig count for February 2020 was 270, up two from 268 in January 2020, and down two from 272 in February 2019.



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