International Rig Count is up 148 units so far this year

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

The international rig count for November is 817, up 17 units from the count in October and up 148 units from the 669 counted in November 2020.

  • Latin America is up 3 units to a total of 155 from the October count of 152 units and up 54 units year-over-year.

  • The Asia-Pacific region is up 5 units to a total of 195 and is up 31 units from its year-ago average of 164.

  • Africa is up 5 units to a total of 84 from the October count of 79 units and up 21 units from its November 2020 average of 63.

  • Europe is up 3 units to a total of 107 from the October count of 104 units, and up 5 units year-over-year.

  • The Middle East is up 1 unit to a total of 276 from the October count of 275 units, and up 37 units year-over-year.

Source: Baker Hughes

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