Baker Hughes issued their international rig count data, here is the breakdown:
The international rig count for February is 915, up 14 units from the count in January and up 102 units from the 813 counted in February 2022
Africa is up 2 units to 94 from the January count of 92 and up 11 units from its year ago average of 81
The Asia-Pacific region is down 2 units to 202 from the January count of 204 units and is up 12 units from its year-ago average of 190
Europe is down 6 units to 111 from the January count of 117 and up 9 units from its year ago average of 102
Latin America is up 11 units to 181 from the January count of 170 and is up 28 units year over year
The Middle East is up 9 units to 327 from the January count of 318 and up 40 units year over year
Source: Baker
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