The number of oil and gas drilling rigs operating in the world in November decreased for the first time in seven months, oilfield services company Baker Hughes.
On average, 1,890 installations were operating in the world last month against 1,893 in October. At the same time, the November level was 346 higher than the figure for the same month in 2021.
In the United States, the number of drilling rigs last month increased by 11 compared to October and amounted to 779. In Canada, their number decreased by 13 to 201.
The number of installs in Latin America decreased by 3 over the past month (to 185), in Europe – by 5 (to 102), in the Asia-Pacific region – by 4 (to 202). Meanwhile, in Africa, the indicator rose by 7 (up to 91, the highest since April 2020), in the Middle East – by 4 (up to 330, the highest since June 2020).
Baker Hughes publishes data on active drilling installations since 1944. At first, the company collected information only in the US and Canada, since 1975 – all over the world. Since June 2019, it has included the number of oil rigs in Ukraine in its calculations, but there has been no recalculation of historical data for Europe.
The average monthly number of active oil and gas rigs in the world in the past increased to 1361 from a historical low of 1351 recorded at the end of 2020. The record was reached in 1981 – 5,624 rigs.
Since the beginning of this year, the average is 1,740 rigs.