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The worldwide rig count dropped month on month and year on year in September, according to recently released data from Baker Hughes.
In September, the total world rig count – which includes Latin America, Europe, Africa, the Middle East, Asia Pacific, Canada, and the U.S. – stood at 1760, Baker Hughes’ latest current data worldwide rig count revealed. The total world rig count stood at 1788 in August and 1853 in September last year, the count outlined.
Of the total September rig count of 1760, 632 rigs hailed from the U.S., 327 were in the Middle East, 218 were in Asia Pacific, 188 were in Canada, 175 were in Latin America, 115 were in Europe, and 105 were in Africa, the Baker Hughes count showed.
Back in August, the total rig count of 1788 was made up of 647 rigs from the U.S., 329 rigs from the Middle East, 220 from Asia Pacific, 189 rigs from Canada, 173 rigs from Latin America, 121 rigs from Europe, and 109 rigs from Africa, according to the Baker Hughes count.
In September last year, the total world rig count of 1853 comprised 763 rigs from the U.S., 308 rigs from the Middle East, 211 rigs from Canada, 205 rigs from Asia Pacific, 180 rigs from Latin America, 106 rigs from Europe, and 80 rigs from Africa, the count highlighted.
Back in 2007, the oldest figures available in the latest Baker Hughes current data worldwide rig count, the total world count stood at 3166 in September. This figure was made up of 1783 rigs from the U.S., 363 rigs from Latin America, 351 rigs from Canada, 273 rigs from the Middle East, 246 rigs from Asia Pacific, 77 rigs from Europe, and 73 rigs from Africa, the count outlined.
In 1975, the oldest figures available in the latest Baker Hughes historical data worldwide count, the total world rig count stood at 2743 in September. The U.S. made up 1699 of those rigs, while Latin America made up 305, Asia Pacific made up 189, the Middle East made up 171, Europe made up 148, Canada made up 118, and Africa made up 113, the count revealed.
The average worldwide rig count in 2023, so far, is 1829, according to Baker Hughes’ count, which pointed out that the average worldwide rig count in 2022 was 1747, the average worldwide rig count in 2007 was 3116, and the average worldwide rig count in 1975 was 2722.
Baker Hughes’ worldwide rig count includes data from the company’s international rig count, as well as its North America rig count.
On its website, Baker Hughes describes its international rotary rig count as a monthly census of active drilling rigs exploring for or developing oil or natural gas outside North America (U.S. and Canada). The Baker Hughes international rotary rig count does not include rigs drilling in Russia, the Caspian region, Iran, Sudan, Cuba, North Korea, or onshore China, the site states, adding that Iraq was excluded from the international rotary rig count for the period September 1990 to May 2012.
Syria is currently excluded from the international rotary rig count as of February 2012 due to difficulty obtaining data as a result of continued civil unrest, Baker Hughes’ site notes.
The Baker Hughes North American rotary rig count is a weekly census of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S. and Canada, the company’s site states.
Baker Hughes’ latest North America rig count, which was published on October 6, revealed that the region cut 15 rigs week on week, with four of those coming from the U.S. and 11 from Canada. North America is currently on a string of weekly rig losses, Baker Hughes data shows.
To contact the author, email andreas.exarheas@rigzone.com
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