International Offshore Rig Count Down by 70 Units

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Oilfield services provider Baker Hughes informed on Monday that the international offshore rig count in October 2016 was down by 70 units when compared to the same period in 2015.

According to the report, the international offshore rig count for October 2016 stood at 200, down a total of 21 from the 221 counted in September 2016.

The latest count is also down 70 from the 270 counted in October 2015.

The international total rig count for October 2016 was 920, down 14 from the 934 counted in September 2016, and down 191 from the 1,111 counted in October 2015.

The average U.S. rig count for October 2016 was 544, up 35 from the 509 counted in September 2016, and down 247 from the 791 counted in October 2015.

The average Canadian rig count for October 2016 was 156, up 15 from the 141 counted in September 2016, and down 28 from the 184 counted in October 2015.

The worldwide rig count for October 2016 was 1,620, up 36 from the 1,584 counted in September 2016, and down 466 from the 2,086 counted in October 2015.

The worldwide offshore rig count for October 2016 was 225, down 15 from 240 counted in September 2016, and down 79 from 304 counted in October 2015.

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