The number of oil and gas rigs in the world in 2018 increased for the second year in a row

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According to the American oil service company Baker Hughes, the average monthly number of active oil and gas rigs in the world in 2018 increased by the results of the second year in a row. In 2017, the figure was recorded at around 2,029 units, and in 2018, at 2,211 existing drilling units.

In the United States, the number of active rigs in December increased by 1 unit relative to November data (1078 units), and in Canada, the number of installations collapsed by 57 units, to 141, which was the lowest since May 2018. Thus, North America currently has about 54.3% of the total number of operating drilling rigs in the world.

The number of drilling rigs in Europe in December 2018 increased by 12 to 95 units, which was the maximum since May 2017. The increase in the number of installations in the Asia-Pacific region was 9 units to 231 (the highest level since March 2015). In Latin America, the number of rigs increased by 8 to 197, in Afric, by 5 to 108. In the Middle East, the number of installations has not changed, 394 units.

The material has been provided by InstaForex Company - www.instaforex.com