January’s worldwide offshore rig count drops sequentially, but up 2 rigs year-over-year

The worldwide offshore rig count in January 2020 has dropped by 14 units sequentially, but rose by two units year-over-year, according to a rig count report by Baker Hughes Company.

lllustration; Author: SP Mac (under permission from the photographer)

BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count.

The international rig count for January 2020 was 1,078, down 26 from the 1,104 counted in December 2019, and up 54 from the 1,024 counted in January 2019.

The international offshore rig count for January 2020 was 245, down 12 from the 257 counted in December 2019, and up 3 from the 242 counted in January 2019.

Looking at separate regions, the Asia Pacific region had the highest number of offshore rigs during January 2020, totaling 91 units. This is down three rigs from 94 in December 2019 and down ten from January 2019 count of 101 rigs.

In the Middle East region, there were 58 rigs during January 2020, down one from December 2019 and down five from January 2019.

Europe took third place in the offshore rig count for the first month for 2020 with 36 active units, down three units from December 2019 and up five rigs from January 2019. Europe was followed by Latin America with 34 and Africa with 26 active units.

The average U.S. rig count for January 2020 was 791, down 13 from the 804 counted in December 2019, and down 274 from the 1,065 counted in January 2019.

The average Canadian rig count for January 2020 was 204, up 69 from the 135 counted in December 2019, and up 28 from the 176 counted in January 2019.

The worldwide rig count for January 2020 was 2,073, up 30 from the 2,043 counted in December 2019, and down 192 from the 2,265 counted in January 2019.

The worldwide offshore rig count for January 2020 was 268, down 14 from 282 in December 2019, and up two rigs from 266 in January 2019.


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