Baker Hughes November rig count shows marginal recovery for Africa

Africa added drilled two more rigs higher than they did in November with additions from Angola, Congo and Nigeria pushing the figure to 79 in the latest Baker Hughes November rig count.

This figure was an improvement from September and October figures which were tied at 77 a reduction by 4, indicating that crude oil production fell when compared to August rig count of 81.

Baker Hughes announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015.

The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015.

The average U.S. rig count for November 2016 was 580, up 36 from the 544 counted in October 2016, and down 180 from the 760 counted in November 2015.

The average Canadian rig count for November 2016 was 173, up 17 from the 156 counted in October 2016, and down 5 from the 178 counted in November 2015.

The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets.

Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. It initiated the monthly international rig count in 1975.

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