Africa’s rig activity is at a three year high, even while the total number of rigs active on the continent was slightly down to 108, in September 2012, from 111 in August, according to the latest figures from Baker Hughes Incorporated. The small decline follows global trend, but Africa is on a roll.
The highest rig count for the continent in 2011 was 94, in February of that year. By December 2011 it was down to 79. The average rig count for 2011 was, indeed 78, which means that February 2011 figures were a spike. Baker Hughes figures also show that Africa’s average rig count for 2010 was 83, which was higher than 2011.
But 2012 rig count for Africa has averaged 93 so far.
“Overall, the international rig count for September 2012 was 1,254, down 7 from the 1,261 counted in August 2012, and up 80 from the 1,174 counted in September 2011. The international offshore rig count for September 2012 was 293, down 7 from the 300 counted in August 2012 and down 11 from the 304 counted in September 2011.
“The average U.S. rig count for September 2012 was 1,859, down 54 from the 1,913 counted in August 2012 and down 119 from the 1,978 counted in September 2011 . The average Canadian rig count for September 2012 was 356, up 40 from the 316 counted in August 2012 and down 154 from the 510 counted in September 2011 .
“The worldwide rig count for September 2012 was 3,469, down 21 from the 3,490 counted in August 2012 and down 193 from the 3,662 counted in September 2011”, Baker Hughes reports.
September 2012 Rotary Rig Counts
|
September 2012 |
Month |
August 2012 |
September 2011 |
|||||||||||
|
Land |
OS |
Total |
Variance |
Land |
OS |
Total |
Land |
OS |
Total |
|||||
| Europe |
78 |
46 |
124 |
6 |
71 |
47 |
118 |
74 |
46 |
120 |
||||
| Middle East * |
336 |
45 |
381 |
-7 |
341 |
47 |
388 |
255 |
37 |
292 |
||||
| Africa |
84 |
24 |
108 |
-3 |
80 |
31 |
111 |
52 |
26 |
78 |
||||
| Latin America |
331 |
80 |
411 |
-6 |
337 |
80 |
417 |
341 |
91 |
432 |
||||
| Asia Pacific |
132 |
98 |
230 |
3 |
132 |
95 |
227 |
148 |
104 |
252 |
||||
| International |
961 |
293 |
1,254 |
-7 |
961 |
300 |
1,261 |
870 |
304 |
1,174 |
||||
| United States |
1,808 |
51 |
1,859 |
-54 |
1,863 |
50 |
1,913 |
1,946 |
32 |
1,978 |
||||
| Canada |
355 |
1 |
356 |
40 |
315 |
1 |
316 |
509 |
1 |
510 |
||||
| North America |
2,163 |
52 |
2,215 |
-14 |
2,178 |
51 |
2,229 |
2,455 |
33 |
2,488 |
||||
| Worldwide |
3,124 |
345 |
3,469 |
-21 |
3,139 |
351 |
3,490 |
3,325 |
337 |
3,662 |
||||
| * | Middle East rig count for September 2011 does not include Iraq | |||||||||||||
About the Baker Hughes Rig Counts
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States , Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975. The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States , Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Baker Hughes initiated the monthly international rig count in 1975.
