International Rig Count Up 14 Units in March

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

The international rig count for March was 715, up 14 units from the count in February and down 344 units from the 1,059 counted in March 2020.

  • Latin America is unchanged from the February count of 125 units and is down 44 units year-over-year.

  • The Asia-Pacific region is up 9 units from the February count of 161 and down 61 units from its year-ago average of 231.

  • Africa is up 2 units from the February count of 57 units and down 49 units from its March 2020 average of 108.

  • Europe is up 2 units from the February count of 100 units, and down 23 units year-over-year.

  • The Middle East is up 1 unit from the February count of 260 units, and down 167 units year-over-year.

Source: Baker Hughes

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