WORLDWIDE RIG COUNT DOWN 369
Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for November 2016 was 925, up 5 from the 920 counted in October 2016, and down 184 from the 1,109 counted in November 2015. The international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down 48 from the 259 counted in November 2015.
The average U.S. rig count for November 2016 was 580, up 36 from the 544 counted in October 2016, and down 180 from the 760 counted in November 2015. The average Canadian rig count for November 2016 was 173, up 17 from the 156 counted in October 2016, and down 5 from the 178 counted in November 2015.
The worldwide rig count for November 2016 was 1,678, up 58 from the 1,620 counted in October 2016, and down 369 from the 2,047 counted in November 2015.
November 2016 Rotary Rig Counts
|October 2016||November 2015|
|November, 22, 11:35:00|
|November, 22, 11:30:00|
|November, 22, 11:25:00|
|November, 22, 11:20:00|
|November, 22, 11:15:00|
|November, 22, 11:10:00|
Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.
OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.
REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.
Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.