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March 2010

Vol. 15, No. 11 Week of March 14, 2010

February worldwide rig count up

Baker Hughes Inc. said March 5 that the worldwide rig count for February was 2,982 (2,632 onshore and 350 offshore), up 209 from 2,773 in January and up 229 from 2,753 in February 2009.

The U.S. rig count for February was 1,350, up 83 from 1,267 in January and up 30 from 1,320 in February 2009. The Canadian rig count for February was 564, up 105 from 459 in January and up 151 from 413 in February 2009.

The February international rig count was 1,068, up 21 from 1,047 rigs in January and up 48 from 1,020 in February 2009. For international rigs the offshore rig count was 301, up 13 from 288 in January and up 15 from 286 in February 2009.

The U.S. accounts for the most rigs worldwide (1,305 onshore and 45 offshore), followed by Canada (560 onshore, four offshore), Latin America (310 onshore, 72 offshore), Asia Pacific (143 onshore, 116 offshore) and the Middle East (219 onshore, 39 offshore). Europe had 85 rigs working in February (40 onshore and 45 offshore) and Africa had 84 (55 onshore, 29 offshore).

—Petroleum News






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