Baker Hughes issued their international rig count data, here is the breakdown:
The international rig count for November was 669, up 13 units from the count in October and down 427 units from the 1,096 counted in November 2019.
- Latin America is up 15 units to 101 from the October count of 86 units and is down 95 units year-over-year.
- The Asia-Pacific region is down 6 units to 164 from the October count of 170 units and down 56 units from its year-ago average of 220.
- Africa is up 9 units from the October count of 54 units and down 53 units from its November 2019 average of 116.
- Europe is up 1 unit from the October count of 101 units, and down 45 units year-over-year.
- The Middle East is down 6 units from the October count of 245 units, and down 178 units year-over-year.
Source: Baker Hughes
