Drilling in the Middle East rose to an 18-month high in June with 406 active rigs, the most since December 2015’s 409 rigs. The rig count average of 401 for the first half of 2017 is a record for the first six months of any year.
Drilling in the region has remained at near-record levels according to the Rig Count numbers of GE subsidiary Baker Hughes. This is despite Opec’s decision to freeze output in November last year in a bid to help an oil price recovery. This is both as...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!