2021 ended with an international rig count that increased by 169 rigs

Baker Hughes issued their international rig count data, here is the breakdown:

The international rig count for December is 834, up 17 units from the count in November and up 169 units from the 665 counted in December 2020.

  • Latin America is up 3 units to a total of 158 from the November count of 155 units and up 49 units year-over-year.

  • The Asia-Pacific region is down 2 units to a total of 193 and is up 29 units from its year-ago average of 164.

  • Africa is up 3 units to a total of 87 from the November count of 84 units and up 34 units from its December 2020 average of 53.

  • Europe is up 7 units to a total of 114 from the November count of 107 units, and up 17 units year-over-year.

  • The Middle East is up 6 units to a total of 282 from the November count of 277 units, and up 40 units year-over-year.

Source: Baker Hughes

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