Dayrates are down, but ris count remains steady in Middle East

摘要

WHILE A DOWNWARD TREND IN ACTIVITY AND RIG COUNT has been observed around the world in response to the oil price slump, the Middle East appears to be bucking this trend. According to numbers from Baker Hughes, the Middle East's rig count has averaged 404 to date in 2015. That's nearly the same as the region's average rig count of 406 in 2014 and up from an average of 372 rigs in 2013.