HOUSTON, Dec. 7 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for November 2007 was 992, down 32 from the 1024 counted in October 2007, and up 53 from the 939 counted in November 2006. The international offshore rig count for November 2007 was 272, down 14 from the 286 counted in October 2007 and up 12 from the 260 counted in November 2006.
The international rig count for November 2007 was impacted by a 16 rig decline in Mexico primarily due to weather delays and a 10 rig decline in the U.K. sector of the North Sea primarily due to weather delays and an unusual number of rigs engaged in non-drilling activities.
The US rig count for November 2007 was 1798, up 36 from the 1762 counted in October 2007 and up 92 from the 1706 counted in November 2006. The Canadian rig count for November 2007 was 371, up 33 from the 338 counted in October 2007 and down 61 from the 432 counted in November 2006.
The worldwide rig count for November 2007 was 3161, up 37 from the 3124 counted in October 2007 and up 84 from the 3077 counted in November 2006.
November 2007 Rotary Rig Counts November 2007 October 2007 November 2006 Land OS Total Var. Land OS Total Land OS Total ------------------------------------------------------------------------- Europe 34 37 71 (11) 32 50 82 29 36 65 Middle East 235 30 265 (3) 235 33 268 229 30 259 Africa 51 18 69 0 54 15 69 51 18 69 Latin America 271 69 340 (15) 289 66 355 250 68 318 Asia Pacific 129 118 247 (3) 128 122 250 120 108 228 --- --- --- --- --- --- --- --- --- Internat ional 720 272 992 (32) 738 286 1024 679 260 939 United States 1737 61 1798 36 1713 49 1762 1619 87 1706 Canada 369 3 371 33 335 3 338 427 5 432 --- - --- --- - --- --- - --- North America 2106 64 2169 69 2048 52 2100 2046 92 2138 -------------------------------------------------------------------------- Worldwide 2826 336 3161 (37) 2786 338 3124 2725 352 3077 About the Baker Hughes Rig Counts
The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets. Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of US and Canadian drilling activity. Hughes initiated the monthly international rig count in 1975.
North American rig count data is scheduled to be released at noon central time on the last working day of each week. The international rig count is scheduled to be released on the 5th working day of the month. Additional detailed information on the Baker Hughes rig counts is available from our website at http://www.bakerhughes.com/investor/rig.
Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Contacts: Gary R. Flaharty (713) 439-8039 H. Gene Shiels (713) 439-8822
