Baker Hughes issued their international rig count data, here is the breakdown:
The international rig count for February is 813, down 28 units from the count in January and up 112 units from the 701 counted in February 2021.
Latin America is down 5 units to 153 from the January count of 158 and is up 28 units year over year.
The Asia-Pacific region is down 7 units to a total of 190 and is up 29 units from its year-ago average of 161.
Africa is down 5 units to a total of 81 from the December count of 86 units and up 24 units from its February 2021 average of 57.
Europe is down 8 units to a total of 102 from the January count of 111 units, and up 4 units year-over-year.
The Middle East is down 2 units to a total of 287 from the January count of 289 units, and up 27 units year-over-year.
Source: Baker Hughes
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