In September, the number of oil and gas installations in the world fell to a record low

In September, the number of oil and gas installations in the world fell to a record low

In September, the number of oil and gas installations in the world fell to a record low

In September 2020, the number of operating oil and gas rigs in the world fell to a record low, according to data from the American oilfield services company Baker Hughes. On average, 1019 installations were operating in the world last month against 1050 in August. At the same time, the September level is 1122 less than the indicator for the same month last year.

In the US, the number of rigs increased by 7 last month compared to August – to 257. In Canada, the increase also amounted to 7 rigs – to 60. Thus, North America accounted for only 31.1% of the world's drilling rigs versus 47.2% a year. earlier.

In the Middle East, the number of drilling rigs over the past month fell by 19 to 282 (minimum since January 2011), in the Asia-Pacific region – by 31 (to 169, the lowest level since April 2002), in Africa – by 7 (to 55, at least since June 2006).

Meanwhile, in Latin America, the figure rose by 8 to 83 rigs, in Europe – by 4 to 113.

Baker Hughes has been publishing data on operating rigs since 1944. At first, the company collected information only in the USA and Canada, since 1975 – around the world. Since June 7, 2019, the company has included in its calculations the number of drilling rigs in Ukraine, while the aggregate data for Europe for previous periods has not been recalculated in this regard.

The average monthly number of operating oil and gas drilling rigs in the world in 2019 decreased after an increase for two years in a row and amounted to 2,177. At the end of 2016, a minimum figure for 17 years was recorded – 1,593 rigs. In 2014, the world's maximum number of installations since 1985 was in operation – 3578.

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