Baker Hughes reports decline in global oil and gas rigs number


05/04/2020

The number of drilling rigs for oil and gas worldwide fell in April in monthly terms by 450 units, or 23%, to 1514 units, according to data from the American oil and gas service company Baker Hughes.



Paul Lowry
In annual terms, the number of operating rigs decreased by 626, or 29.2%.

In the USA, according to the company, the indicator in monthly terms decreased by 206, or 26.7%, and amounted to 566, in Canada - by 100, or four times, up to 33 units.

The number of drilling rigs in Europe decreased by 11 (-8.9%) to 112. In the Middle East, the total number of drilling rigs decreased by eight (-1.9%) and amounted to 420. In the Asia-Pacific region (APR), the number of rigs decreased by 40 (-17%), to 191, in Africa - decreased by five, or 4.6%, to 103. In Latin America, the indicator fell by 80 (-47.3%), to 89 installations.

Baker Hughes provides weekly data on changes in the number of rigs in the United States and Canada since 1944. Since 1975, a service company has published the number of drilling rigs worldwide every month. 

source: reuters.com