Baker Hughes Announces January 2002 Rig Counts.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Feb. 7, 2002 International Rig Count down 1% from December 2001; Up 4% from 1 year ago; Worldwide Rig Count up 5% from December 2001; Down 15% from 1 year ago Baker Hughes Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger & Halliburton, its main competitors. Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion and production. Incorporated (NYSE NYSE See: New York Stock Exchange :BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher )(PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :BHI)(EBS See Swiss Electronic Bourse. EBS See electronic blue sheet (EBS). :BHI) announced today that the international rig count for January 2002 was 744, down 8 from the 752 counted in December 2001 and up 27 from the 717 counted in January 2001. The international offshore rig count for January 2002 was 235 up 13 from the 222 counted in December 2001 and up 29 from the 206 counted in January 2001. The U.S. rig count for January 2002 was 867 down 34 from the 901 counted in December 2001 and down 251 from the 1,118 counted in January 2001. The Canadian rig count for January 2002 was 405 up 141 from the 264 counted in December 2001 and down 134 from the 539 counted in January 2001. The worldwide rig count for January 2002 was 2,016 up 99 from the 1,917 counted in December 2001 and down 358 from the 2,374 counted in January 2001.
January 2002 Rotary Rig Counts
January 2002 December 2001 January 2001
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Land OS Total Var Land OS Total Land OS Total
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Europe 35 71 106 7 38 61 99 34 53 87
Middle East 150 37 187 (1) 151 37 188 150 30 180
Africa 30 20 50 5 27 18 45 29 23 52
Latin America 184 46 230 (25) 208 47 255 208 45 253
Asia Pacific 110 61 171 6 106 59 165 90 55 145
International 509 235 744 (8) 530 222 752 511 206 717
US 741 126 867 (34) 780 121 901 945 173 1,118
Canada 398 7 405 141 257 7 264 533 6 539
N. America 1,139 133 1,272 107 1,037 128 1,165 1,478 179 1,657
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Worldwide 1,648 368 2,016 99 1,567 350 1,917 1,989 385 2,374
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January 2002 Workover Rig Counts
January 2002 Var. December 2001 January 2001
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US 1,027 (72) 1,099 1,173
Canada 351 33 318 411
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North America 1,378 (39) 1,417 1,584
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About the Baker Hughes Rig Counts The Baker Hughes Rotary Rotary can refer to:
North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rig count data is scheduled to be released at noon central time on the last working day of each week. The international rig count and North American workover rig counts are scheduled to be released on the 5th working day of the month. Additional detailed information on the Baker Hughes rig counts are available from our Web site at http://www.bakerhughes.com/investor/rig. Baker Hughes is a leading provider of drilling, formation evaluation In petroleum exploration and development, formation evaluation is used to determine whether a potential oil or gas field is commercially viable. Essentially, it is the process of "recognizing a commercial well when you drill one". , completion and production products and services to the worldwide oil and gas industry. NOT INTENDED FOR BENEFICIAL HOLDERS |
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