International oil rig count down YoY in September: Baker Hughes

03/10/2025 Argaam

The total number of oil rigs worldwide dropped by 147 units year-on-year (YoY) in September, reaching 1,812.

 

However, this number was up 19 units compared to August, Baker Hughes data showed.

 

The Middle East rig count increased by 10 units month-on-month (MoM), reaching 511 in September.

 

Meanwhile, the number of oil and gas rigs outside the US and Canada rose by eight units MoM to 1,084, though it remained down by 72 YoY.

 

Oil and Gas Rig Count Changes

Region

One Year Ago

Previous Month

Current Month

MoM Change

YoY Change

Middle East

546

501

511

10

(35)

Global (ex. N. America)

1,156

1,076

1,084

8

(72)

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