SAUDI ARABIA

•  Saudi Arabia’s 101 active drilling rigs is the highest number since the start of Baker Hughes records in 1982. Much of the increased activity is due to a sharper focus on offshore exploration, where Saudi Aramco is drilling in the deep waters of the Red Sea.  Offshore oil drilling also reflects the massive Manifa heavy oil field development, which is due to reach full capacity of 900,000 b/d at the end of this year and is one of the single largest...