International rig count rises in October: Baker Hughes

01/11/2024 Argaam
Oil drilling rigs

Oil drilling rigs

The international rig count increased by four units in October month-month (MoM) but declined by 22 year-on-year (YoY) to 1,754, data of energy services firm Baker Hughes showed.

 

Oil rigs in the Middle East rose MoM reaching a total of 342.

 

The international rig count, except for the US and Canada, added three units MoM to 950 in October.

 

Oil & Gas Rigs

Region

A year earlier

September

October

MoM Change

YoY Change

Middle East

337

337

342

5

--

Total (excluding North America)

962

947

950

3

(12)

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