Baker Hughes issued their international rig count data, here is the breakdown:
The international rig count for October was 656, down 46 units from the count in September and down 474 units from the 1,130 counted in October 2019.
-
Latin America is up 3 units to 86 from the September count of 83 units and is down 103 units year-over-year.
-
The Asia-Pacific region is up 1 unit to 170 from the September count of 169 units and down 56 units from its year-ago average of 226.
-
Africa is down 1 unit from the September count of 55 units and down 62 units from its October 2019 average of 116.
-
Europe is down 12 units from the September count of 113 units, and down 74 units year-over-year.
-
The Middle East is down 37 units from the September count of 282 units, and down 179 units year-over-year.
Source: Baker Hughes
