OREANDA-NEWS. Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015.

The average U.S. rig count for January 2016 was 654, down 60 from the 714 counted in December 2015, and down 1,029 from the 1,683 counted in January 2015. The average Canadian rig count for January 2016 was 192, up 32 fom the 160 counted in December 2015, and down 176 from the 368 counted in January 2015.

The worldwide rig count for January 2016 was 1,891, down 78 from the 1,969 counted in December 2015, and down 1,418 from the 3,309 counted in January 2015.

January 2016 Rotary Rig Counts

   

January 2016

      

December 2015

    

January 2015

  
   

Land

Offshore

Total

  

Month Variance

  

Land

Offshore

Total

    

Land

Offshore

Total

  
                                 

Latin America

  

192

51

243

  

-27

  

213

57

270

    

272

79

351

  

Europe

  

73

35

108

  

-6

  

79

35

114

    

83

45

128

  

Africa

  

68

26

94

  

3

  

64

27

91

    

87

45

132

  

Middle East

  

352

55

407

  

-15

  

367

55

422

    

372

43

415

  

Asia Pacific

  

118

75

193

  

-5

  

122

76

198

    

130

102

232

  

International

  

803

242

1,045

  

-50

  

845

250

1,095

    

944

314

1,258

  
                                 

United States

  

627

27

654

  

-60

  

690

24

714

    

1,630

53

1,683

  

Canada

  

190

2

192

  

32

  

160

0

160

    

365

3

368

  

North America

  

817

29

846

  

-28

  

850

24

874

    

1,995

56

2,051

  
                                 

Worldwide

  

1,620

271

1,891

  

-78

  

1,695

274

1,969

    

2,939

370

3,309

  
                                 

About the Baker Hughes Rig Counts

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. Baker Hughes initiated the monthly international rig count in 1975.

The North American rig count is scheduled to be released at noon Central time on the last working day of each week. The international rig count is scheduled to be released on the fifth working day of the month at 5:00 a.m. Central time. 

Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 43,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources.