Steady Rig Count Underscores Mideast Resilience

摘要

While the number of rigs drilling for oil and gas in the US continues its downward spiral, the rig count in the Middle East remains stubbornly high in the face of low oil prices, data from oil-field services firm Baker Hughes show. Lower production costs and higher output targets on the back of rising regional demand are among the factors helping to keep work ticking over.