HOUSTON & LONDON--(BUSINESS WIRE)-- Baker Hughes, a GE company (NYSE: BHGE) announced today that the Baker Hughes international rig count for May 2018 was 967, down 11 from the 978 counted in April 2018, and up 10 from the 957 counted in May 2017. The international offshore rig count for May 2018 was 198, up 4 from the 194 counted in April 2018, and down 4 from the 202 counted in May 2017.

The average U.S. rig count for May 2018 was 1,046, up 35 from the 1,011 counted in April 2018, and up 153 from the 893 counted in May 2017. The average Canadian rig count for May 2018 was 83, down 15 from the 98 counted in April 2018, and down 2 from the 85 counted in May 2017.

The worldwide rig count for May 2018 was 2,096, up 9 from the 2,087 counted in April 2018, and up 161 from the 1,935 counted in May 2017.

May 2018 Rig Counts

						May 2018											April 2018								May 2017
				Land		Offshore		Total				Month Variance			Land		Offshore		Total				Land		Offshore		Total
Latin America				150		24		174				-15			163		26		189				155		35		190
Europe				52		28		80				-8			54		34		88				60		35		95
Africa				77		17		94				0			79		15		94				69		15		84
Middle East				353		48		401				3			355		43		398				350		41		391
Asia Pacific				137		81		218				9			133		76		209				121		76		197
International				769		198		967				-11			784		194		978				755		202		957
United States				1,026		20		1,046				35			995		16		1,011				871		22		893
Canada				80		3		83				-15			95		3		98				83		2		85
North America				1,106		23		1,129				20			1,090		19		1,109				954		24		978
Worldwide				1,875		221		2,096				9			1,874		213		2,087				1,709		226		1,935

About the Baker Hughes Rig Counts

The Baker Hughes rig counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the U.S., Canada and international markets. The company has issued the rig counts as a service to the petroleum industry since 1944, when Hughes Tool Company began weekly counts of the U.S. and Canadian drilling activity. The monthly international rig count was initiated in 1975.

The North American rig count 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 fifth working day of the month at 5:00 a.m. Central Time. Additional detailed information on the Baker Hughes rig counts is available from our website.

About Baker Hughes, a GE company

Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world.

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Baker Hughes, a GE company

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Source: Baker Hughes, a GE company (BHGE)

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