Baker Hughes issued their international rig count data, here is the breakdown:
The international rig count for May is 750, up 55 units from the count in April and down 55 units from the 805 counted in May 2020.
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Latin America is up 18 units to a total of 136 from the April count of 118 units and is up 74 units year-over-year.
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The Asia-Pacific region is up 16 units to a total of 183 from the April count of 167 and down 13 units from its year-ago average of 196.
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Africa is up 3 units to a total of 64 from the April count of 61 units and up 3 units from its May 2020 average of 61.
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Europe is up 4 units to a total of 101 from the April count of 97 units, and down 10 units year-over-year.
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The Middle East is up 16 units to a total of 266 from the April count of 252 units, and down 109 units year-over-year.
Source: Baker Hughes
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