Baker Hughes: International rig count down 110 units in May

The international rig count for May reached 805, a decrease of 110 units from April and down 321 units from the 1,126 counted in May 2019, according to Baker Hughes data (OGJ Online, May 1, 2020).

The international offshore rig count for May was 195, down 33 units from April, and down 45 units from the 240 counted in May 2019.

The worldwide rig count for May was 1,176, down 338 units from the 1,514 counted in April, and down 1,006 units from the 2,182 counted in May 2019.

The average US rig count for May was 348, down 218 from April, and down 638 from the 986 counted in May 2019.

Europe was down 1 unit with 111 in May and down 75 units year-over-year. Effective June 7, 2019, Ukraine has been added to the Baker Hughes International Rig Count.

Latin America is down 27 units from the previous month with 62 units and down 117 units year-over-year.

The Asia-Pacific region is up 5 with 196 units month-over-month and down 32 units from its year-ago average.

The Middle East down 45 units month-over-month at 375 and down 35 units year-over-year.

The average Canadian rig count for May was 23, down 10 units from the 33 counted in April, and down 47 units from the 60 counted in May 2019.