Exploration & Production

Saudi Arabia leads drop in Middle East drilling

The number of rigs targeting gas in the Middle East fell in June, driven by declines in Saudi Arabia The number of rigs targeting gas in the Middle East fell in June, driven by declines in Saudi Arabia.
By Verity Ratcliffe 13 July 2018 0 31735

The number of rigs targeting gas in the Middle East fell by 14% in June from the previous month, to 86 rigs, driven by declines in Saudi Arabia. The number of operational rigs targeting gas in Saudi Arabia fell from 60 in May to 48 in June. The rig counts in both Egypt and Oman fell by one.

Middle East, East Med & Paksitan rig count (targeting gas)

  Jun 2018 May 2018 Apr 2018   Jun 2017 Jun 2016
Egypt 2 3 5   6 8
Kuwait 16 16 16   12 9
Oman 7 8 10   10 11
Pakistan 9 9 6   11 11
Qatar 1 1 1   1 2
Saudi Arabia 48 60 56   53 58
UAE – Abu Dhabi 3 3 4   5 6
Source: Baker Hughes
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