Baker Hughes announces August 2004 rig counts
Posted: 8 September 2004
International Rig Count Up 5% From July 2004; Up 10% From One Year Ago; Worldwide Rig Count Up 3% From July 2004; Up 7% From One Year Ago
Baker Hughes Incorporated announced the international rig count for August 2004 was 856, up 39 from the 817 counted in July 2004, and up 77 from the 779 counted in August 2003. The international offshore rig count for August 2004 was 244, up 23 from the 221 counted in July 2004, and up 28 from the 216 counted in August 2003. The July 2004 international rig count has been revised to reflect a correction to the land and offshore counts in Asia. The land rig count was decreased by three and offshore rig count was increased by three. The total rig count remained unchanged.
The US rig count for August 2004 was 1,234, up 21 from the 1,213 counted in July 2004 and up 144 from the 1,090 counted in August 2003. The Canadian rig count for August 2004 was 353, up two from the 351 counted in July 2004 and down 51 from the 404 counted in August 2003.
The worldwide rig count for August 2004 was 2,443 up 62 from the 2,381 counted in July 2004 and up 170 from the 2,273 counted in August 2003.
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 United States, 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 US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975. In 1987, Baker Oil Tools began its monthly workover rig count.
For more information see www.bakerhughes.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
