Asia Pacific drilling rig count for November: offshore up 10% YOY

December 5, 2014

BHI intl rig count logoBaker Hughes Inc. issued the November 2014 international rotary drilling rig count today, showing a total of 1324 rigs operating internationally (excluding US & Canada), both land and offshore, in November 2014. The international count was up 16 rigs from the 1308 rigs drilling in October 2014 and up 13 rigs (+1%) from the 1311 rigs working in November 2013.

The Asia Pacific region accounted for 19.3% of the world's active drilling fleet in November 2014, outside the US & Canada.

There were 255 land and offshore rigs drilling in the Asia Pacific region in November 2014, up from 252 rigs in October 2014 (+1%), and up from 240 rigs in November 2013 (+6.3% year-over-year).

BHI says 57 of the 255 rigs in Asia Pacific were drilling for gas (22%) and 194 rigs were drilling for oil (76%); four other rigs (2%) were engaged in miscellaneous drilling.

Asia Pacific land

The majority of rigs drilling in the region were land-based (142 of 255 total in November), and represents 14.4% of the 983 land rigs drilling internationally (outside US/Canada) in November. This land rig count is down -% (-2 rigs) month-over-month from the 144 land rigs drilling in Asia Pacific in October, and up 2.9% (+4 rigs) year-over-year.

Most of the land rigs were being used in India: 85 rigs, representing 60% of the 142 land rigs operating in the region. Indonesia was running 28 land rigs (20%) and Australia was running 13 land rigs (9%).

The remaining 16 land rigs counted by BHI were drilling in Papua New Guinea, The Philippines, and Thailand (4 each), New Zealand (3), and in Myanmar (1). Land rigs drilling in China are not reported in the BHI count.

Asia Pacific offshore

There were 113 rigs drilling offshore Asia in November, up from 108 in October, and up 11 rigs from the 102 offshore rigs that were being used in November 2013 (10.8% year-over-year increase).

The Asia Pacific region was using 33.1% of the international active offshore rigs in November 2014 (outside of US/Canada), down slightly from 33.4% in October. This was led by activity offshore India and China (32 rigs each), which together accounted for 57% of all offshore drilling in Asia Pacific in November. Another 19% of Asia Pacific's offshore rigs were working in Indonesia and Thailand (11 rigs each).

November 2014 offshore drilling activity includes 7 rigs off Australia, up 2 rigs from October and up 3 rigs year-over-year. Also, there were 3 rigs working off New Zealand in November, up 1 rig from the month prior and a year ago, in November 2013.

Offshore Bangladesh, the single offshore rig which began drilling in July, was still working in November.

One rig was drilling off Brunei in November, same as in October. There was no offshore drilling in November 2013.

There were 32 rigs working offshore India in November, down 4 rigs from October, and down 2 rigs from November 2013.

In Malaysia, 8 rigs were drilling offshore in November, up 2 rigs from October, but down 7 from the 15 rigs drilling offshore in November 2013 (47% year-over-year decrease).

There was a single rig reported drilling off Myanmar in November, as there has been since January 2014, although a year earlier, in November 2013, there was no offshore drilling.

Offshore China, there were 32 rigs drilling in November, up from 28 rigs in October. The China offshore rig count has increased 68% year-over-year, from 19 rigs operating offshore in November 2013.

In Thailand, there were 11 rigs drilling offshore in November 2014, down 2 rigs from October, and down four rigs from November 2013.

There were 6 rigs drilling offshore Vietnam in November, up from 5 rigs drilling in October, and up 100% from the 3 rigs drilling a year earlier, in November 2013.

There was no drilling offshore Japan, Papua New Guinea, the Philippines, or Taiwan in October 2014.

Also read [last month's count]:

Asia Pacific drilling rig count for October: mostly oil, 10 November 2014



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