World rig count up 4.4% in June

Iraq inclusion: Middle Eastern state returns to monthly rig count

AP/Scanpix

related stories

Bill Lehane

 09 July 2012 10:46 GMT

The worldwide rig count rose 4.4% last month, with the largest increases being seen in Canada and the Middle East, where Iraq’s rigs were included for the first time in more than 20 years.

There were 3484 active rigs worldwide in June compared to 3335 a month earlier, the latest regular count by Baker Hughes has shown.

Within this total, both Europe and the United States decreased slightly to 115 and 1972 rigs respectively, while Latin America and Asia Pacific also saw declines.

Canada had 227 active rigs in June compared to 133 in May, while the Middle East added 82 rigs to its monthly tally of 400.

Baker Hughes said that the Middle East rise was accounted for by the inclusion of the 79 rigs active in Iraq, which has not been part of…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index