A Review of the Nigerian Energy Industry

Global oil rig count down by 2 in November

07 December 2012, Sweetcrude, Houston – Global rig count for November this year was 1,267, up 8 from the 1,259 counted in October, according to Baker Hughes Incorporated.

According to Baker Hughes announced, Friday, the November figure was up 82 from the 1,185 counted in November 2011.

The international offshore rig count for November 2012 was 300, down 6 from the 306 counted in October 2012 and down 2 from the 302 counted in November 2011, the company stated.

The average U.S. rig count for November 2012 was 1,809, down 25 from the 1,834 counted in October 2012 and down 202 from the 2,011 counted in November 2011. The average Canadian rig count for November 2012 was 384, up 19 from the 365 counted in October 2012 and down 103 from the 487 counted in November 2011.

The worldwide rig count for November 2012 was 3,460, up 2 from the 3,458 counted in October 2012 and down 223 from the 3,683 counted in November 2011.

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.

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