Source: Thinkstock
Month over month the largest increase came in Saudi Arabia, up from 78 rigs in December to 87 in January. The largest decrease came in Indonesia, down from 43 in December to 39 in January.
Among the foreign rig count, the Middle East showed the largest gain, with 13 more rigs in January. Of the remaining regions, only Africa managed to post an overall gain in January, from 102 in December to 115 rigs.
Land rigs outnumbered offshore rigs by about 3 to 1 in January, with 972 to 307. For 2012, foreign rig counts averaged a total of 1,234, up from an average of 1,167 in 2011. Including North American rigs, the global total increased from 3,465 in 2011 to 3,518 last year.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
