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Project Insights

Latin American rig count rebounds to 2016 levels

Latin America's rig count has returned to the level it was at two years ago Latin America's rig count has returned to the level it was at two years ago.
By Verity Ratcliffe 19 October 2018 Americas / Exploration & Production 0 32981

There were 20 gas-focused rigs in operation in Latin America in September, up from 16 the previous month, according to Baker Hughes data. New rigs started up in Argentina, Bolivia and Chile, boosting the total rig count. The new rigs mean drilling in Latin America in September matched that of two years ago, when gas-focused drilling was under way in nine countries.   

Latin American rig count (targeting gas)

  Sep 2018 Aug 2018 Jul 2018   Sep 2017 Sep 2016
Argentina 11 9 9   11 7
Bolivia 4 3 3   1 4
Brazil 0 0 0   1 1
Chile 2 1 1   2 2
Guyana 1 1 1   0 1
Mexico 0 0 0   0 1
Peru 0 0 0   0 1
Trinidad & Tobago 1 1 2   3 2
Venezuela 1 1 1   0 1
Source: Baker Hughes