The international offshore rig count for March 2018 dropped both sequentially and year-over-year, according to a Friday report by Baker Hughes, a GE company.
Baker Hughes’ international rig count includes land and offshore rigs from Latin America, Europe, Africa, Middle East, and Asia Pacific.
The international rig count for March 2018 was 972, down 7 from the 979 counted in February 2018 , and up 29 from the 943 counted in March 2017.
The international offshore rig count , excluding land rigs, for March 2018 was 185, down 9 from the 194 counted in February 2018, and down 12 from the 197 counted in March 2017.
The average U.S. rig count for March 2018 was 989, up 20 from the 969 counted in February 2018, and up 200 from the 789 counted in March 2017.
The average Canadian rig count for March 2018 was 218, down 105 from the 323 counted in February 2018, and down 35 from the 253 counted in March 2017.
The worldwide rig count for March 2018 was 2,179, down 92 from the 2,271 counted in February 2018, and up 194 from the 1,985 counted in March 2017.