International rig count falls 25 units in May: Baker Hughes

02/06/2023 Argaam
Oil drilling rigs

Oil drilling rigs 


The international rig count decreased by 25 units month-on-month (MoM) in May to 1,783, data of energy services firm Baker Hughes showed.

 

The oil rigs in the Middle East saw a rise of two units MoM to 339 units and rose 25 year-on-year (YoY).

 

The international rig count, except for the US and Canada, increased by 18 units MoM to 965.

 

Oil & Gas Rigs

Region

A year earlier

April

May

MoM Change

Y-o-Y Change

Middle East

314

337

339

2

25

Total (excluding North America)

817

947

965

18

148

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