The Number of Oil and Gas Drilling in the World in 2017 Increased for the First Time in 3 Years

The average monthly number of operating oil and gas drilling rigs in the world in 2017 increased for the first time in three years, according to the data of the American oil service company Baker Hughes.

Last year, the figure increased to 2,029 compared with 1593 in 2016, which was the minimum number of installations in the last 17 years. In 2015 there were 2,377 drilling rigs in the world, while in 2014 the maximum number of installations was in operation since 1985 – 3578.

Last December, the global number of drilling rigs increased to 2,089 units compared to 2,057 in November. The December figure was 317 higher than the level for the same month in 2016.

In the USA, the number of installations last month increased by 19 compared to November and amounted to 930, in Canada – by 1, reaching 205. Thus, North America currently accounts for 54.23% of the world’s drilling operations, against 47.6% in the December 2016.

The number of drilling operations in Europe in the past month increased by 2, to 87, in the Asia-Pacific region – by 4, to 217, in Latin America – by 14, to 195.Oil and Gas Drilling

Meanwhile, in Africa, the number of installations fell by 8 and was 77, while in the Middle East the figure did not change – 378.

Baker Hughes publishes data on operating rigs since 1944. First, the company collected information only in the US and Canada, since 1975 – for the world as a whole.


Source: Maritime News of Russia