Iraq Driving Middle East Rig Count Explosion

Source: www.gulfoilandgas.com 7/9/2012, Location: Middle East

Baker Hughes Incorporated announced that the international rig count for June 2012 was 1,285 rigs. The June international rig count includes the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since 1990.

The June rig count of 1,285 rigs was up 60 from the 1,225 counted in May 2012, and up 127 from the 1,158 counted in June 2011. The international offshore rig count for June 2012 was 305 rigs, down 14 from the 319 counted in May 2012, and up 7 from the 298 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq. The June 2012 rig count also reflects changes for five countries including Indonesia, Colombia, Venezuela, Algeria, and offshore China.

The average U.S. rig count for June 2012 was 1,972 rigs, down 5 from the 1,977 counted in May 2012 and up 109 from the 1,863 counted in June 2011. The average Canadian rig count for June 2012 was 227 rigs, up 94 from the 133 counted in May 2012 and down 9 from the 236 counted in June 2011.

The worldwide rig count for June 2012 was 3,484 rigs, up 149 from the 3,335 counted in May 2012 and up 227 from the 3,257 counted in June 2011. The May 2012 and June 2011 rig counts do not include Iraq.

Beginning this month, the international rig count file has been enhanced to include a data extract from the BHI rig count system together with an interactive table. This table provides users with improved analysis capabilities by providing the ability to cross reference international rig count by Geography (region and country), Location (land and offshore), and Drill for Type (oil, gas, and miscellaneous). This data set is an enhancement from previous publications which were far less dynamic.


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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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