Namely, the international offshore rig count for February 2019 was 250, risen by 8 from the 242 counted in January 2019, and up 56 from the 194 counted in February 2018.

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The average US rig count for February 2019 was 1,049, a reduction of 16 from the 1,06 counted in January 2019, and up 80 from the 969 counted in February 2018.

The average Canadian rig count for February 2019 was 230, up 54 from the 176 counted in January 2019, and down 93 from the 323 counted in February 2018.

As for the worldwide rig count for February 2019 was 2,306, up 41 from the 2,265 counted in January 2019, and up 135 from the 2,171 counted in February 2018.

In Europe the rig count was 94, up by 8 from the 86 counted in January 2019.

Africa as well saw an increase in its rig count, as it reported 113 rigs up by 4 from 109 in January 2019.

On the other hand, Latin America and the Middle East reported a decrease. Specifically, L. America had 182 rigs in February, which are 13 less than the 195 in January. As for the Middle East, the rig count reached 398, meaning 4 less than the 402 during January 2019.

rig count

Credit: Baker Hughes