International rig count rise in May: Baker Hughes

03/06/2022 Argaam
Oil drilling rigs

Oil drilling rigs

The international rig count rose by 25 units month-on-month (MoM) in May, bringing the total count to 1,628, data of energy services firm Baker Hughes showed.

 

The international rig count, except for the US and Canada, increased by 11 units MoM to 817.

 

The oil rigs in the Middle East jumped by 14 MoM and 48 year-on-year (YoY) to 314.

 

Oil & Gas Rigs

Region

A year Earlier

April

May

Monthly Change

Yearly Change

Middle East

266

300

314

14

48

Total (Excluding the US and Canada)

750

806

817

11

750

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