Baker Hughes: International rig count up 7 units in February

The international rig count for February reached 1,085, an increase of 7 units from January and up 58 units from the 1,027 counted in February 2019, according to Baker Hughes data (OGJ Online, Feb. 7, 2020).

The international offshore rig count for February was 245, unchanged from January, and down 5 units from the 250 counted in February 2019.

The worldwide rig count for February was 2,125, up 52 units from the 2,073 counted in January, and down 181 units from the 2,306 counted in February 2019.

The average US rig count for February was 791, unchanged from January, and down 258 from the 1,049 counted in February 2019.

Europe was down 3 units with 130 in February up 36 units year-over-year. Effective June 7, 2019, Ukraine has been added to the Baker Hughes International Rig Count.

Latin America is up 5 units from the previous month with 184 units and up 2 units year-over-year.

The Asia-Pacific region is up 2 with 224 units month-over-month and down 16 units from its year-ago average.

The Middle East down 3 units month-over-month at 427 and up 29 units year-over-year.

The average Canadian rig count for February was 249, up 45 units from the 204 counted in January, and up 19 units from the 230 counted in February 2019.