Baker Hughes Rig Survey Includes Iraq for First Time

By John Lee.

Baker Hughes has included Iraq in its international survey of rotary drilling rigs for the first time since 1990.

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry.

The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons.

The June rig count includes 79 rigs in Iraq. The worldwide rig count for June 2012 was 3,484 rigs, up 149 from 3,335 in May 2012, and up 227 from 3,257 in June 2011. The May 2012 and June 2011 figures do not include Iraq.

(Picture: Weatherford rig at Bazirgan oilfield in Maysan)

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