19 SEPTEMBER 1994
Middle East Rig Activity Drops Sharply In August From A Year Ago
The number of exploratory and developmental rigs active in the Middle Easthas dropped precipitously, according to the latest worldwide drilling reportfrom Houston-based Baker Hughes. The Middle East rig count - which includes bothon-shore and offshore rigs - fell to a total 102 rigs last month, down from 145in August 1993 (see table overleaf). The largest drop was recorded in...