North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on May 30.
The U.S. dropped three rigs week on week and Canada cut two during the same timeframe, taking the total North America rig count down to 675, comprising 563 rigs from the U.S. and 112 rigs from Canada, the count outlined.
Week on week, the U.S. offshore and inland water rig counts remained unchanged, and the country’s offshore rig count dropped by 10, the count highlighted. The U.S. oil rig count dropped by eight, its gas rig count dropped by two, and its miscellaneous rig count remained unchanged, week on week, the count showed. The U.S. horizontal rig count dropped by nine week on week, its vertical rig count dropped by two, and its directional rig count increased by one, the count revealed.
In a disclosure to the Muscat Stock Exchange, Abraj said it had been engaged to provide an onshore drilling rig for a term of three years, renewable for an additional two years. Abraj’s expected revenue from the contract is around USD 36.4 million.