Worldwide offshore rig count in May up by 43 rigs year-over-year

The worldwide offshore rig count in May 2019 dropped by 11 units sequentially but was up 43 rigs year-over-year, according to monthly rig count reports by Baker Hughes, a GE company (BHGE).

BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count.

Baker Hughes said on Friday that the international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. It is worth noting that the international rig count now includes active drilling rigs in the Ukraine.

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