Baker Hughes earlier today announced that the Baker Hughes international rig count for June 2020 was 781, lower that the 805 counted in May 2020 by 24 and down 357 from the 1,138 counted in June 2019.
The international offshore rig count for June 2020 was 194, down only 1 from the 195 counted in May 2020, and 52 lower than the 246 counted in June 2019.
The international rig count covers all continents and/or regions except for North America which is made up of The United States and Canada.
The biggest drop for the international rigs came from the Middle East region, where the number of rigs in June 2020 was down to 343, lower than the 375 recorded in May 2020 by 32.
- Read also
- Covid-19 Vaccine Trial by Pfizer show signs of hope
- FG of Nigeria increases Petrol pump price to N143.80 per litre
The average U.S. rig count for June 2020 was 274, down 74 from the 348 counted in May 2020, and down 695 from the 969 counted in June 2019.
The average Canadian rig count for June 2020 was 18, down 5 from the 23 counted in May 2020, and down 96 from the 114 counted in June 2019.
The worldwide rig count for June 2020 was 1,073, down 103 from the 1,176 counted in May 2020, and down 1,148 from the 2,221 counted in June 2019.
Table 1: Baker Hughes Rig Count June 2020
Written by;
Nnamdi M.
