A Review of the Nigerian Energy Industry

Baker Hughes announces February 2013 rig counts

11 March 2013, HOUSTON — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for February 2013 was 1,275, down 4 from the 1,279 counted in January 2013, and up 71 from the 1,204 counted in February 2012. The international offshore rig count for February 2013 was 323, up 16 from the 307 counted in January 2013 and up 3 from the 320 counted in February 2012.

Beginning this month, the international rig count excludes rigs in Syria due to difficulty obtaining data as a result of continued civil unrest.  The Syria rig count was 20 rigs in January 2013 and 27 rigs in February 2012.

The average U.S. rig count for February 2013 was 1,762, up 5 from the 1,757 counted in January 2013 and down 228 from the 1,990 counted in February 2012. The average Canadian rig count for February 2013 was 642, up 139 from the 503 counted in January 2013 and down 64 from the 706 counted in February 2012.

The worldwide rig count for February 2013 was 3,679, up 140 from the 3,539 counted in January 2013 and down 221 from the 3,900 counted in February 2012.

February 2013 Rotary Rig Counts

February 2013 Month January 2013 February 2012
Land OS Total Variance Land OS Total Land OS Total
Europe 82 53 135 1 80 54 134 72 48 120
Middle East* 308 42 350 -29 334 45 379 261 50 311
Africa 77 36 113 -2 81 34 115 48 33 81
Latin America 339 88 427 13 337 77 414 349 90 439
Asia Pacific 146 104 250 13 140 97 237 154 99 253
International 952 323 1,275 -4 972 307 1,279 884 320 1,204
United States 1,708 54 1,762 5 1,705 52 1,757 1,948 42 1,990
Canada 641 1 642 139 502 1 503 706 0 706
North America 2,349 55 2,404 144 2,207 53 2,260 2,654 42 2,696
Worldwide 3,301 378 3,679 140 3,179 360 3,539 3,538 362 3,900
* The Middle East rig count excludes rigs in Syria for February 2013 and Iraq for February 2012.

 

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 (BHI) 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.

North American rig count data is scheduled to be released at noon central time on the last working day of each week.  The international rig count is scheduled to be released on the 5th working day of the month.  Additional detailed information on the Baker Hughes rig counts is available from our website.

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company’s 58,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes’ century-long history, visit www.bakerhughes.com.

*PRNewswire

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