International rig count surges in July: Baker Hughes

08/08/2022 Argaam

Oil drilling rigs


The international rig count rose by 69 units month-on-month (MoM) in July, bringing the total count to 1,775 from 1,706 rigs in the month before, data of energy services firm Baker Hughes showed.

The international rig count, except for the US and Canada, increased by nine units MoM to 833.

The oil rigs in the Middle East jumped by six units MoM and 46 units year-on-year (YoY) to 309.

Oil & Gas Rigs

Region

A Year Earlier

June

July

MoM Change

YoY Change

Middle East

263

303

309

6

46

Total (Excluding the US and Canada)

751

824

833

9

82


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