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27
The rig counts are summarized in the table below as averages for each of the periods indicated.
2014 2013 2012
U.S. - onshore 1,804 1,705 1,871
U.S. - offshore 57 56 47
Canada 379 353 364
North America 2,240 2,114 2,282
Latin America 397 419 423
North Sea 40 42 40
Continental Europe 105 93 79
Africa 134 125 96
Middle East 406 372 356
Asia Pacific 254 246 241
Outside North America 1,336 1,297 1,235
Worldwide 3,576 3,411 3,517
2014 Compared to 2013
The rig count in North America increased 6% in 2014 compared to 2013 primarily driven by a 9% growth in oil-
directed rigs. The oil-directed rig count increased 11% in the U.S. as a result of increased exploration & production
spending, but decreased by 6% in Canada where many operators curtailed their oil-directed drilling plans in the
second half of 2014 due to high oil price differentials as compared to WTI and wet weather in southern Alberta and
Saskatchewan. The natural gas-directed rig count in North America declined 2% reflecting a 13% decrease in the
U.S. partially offset by a 34% increase in Canada. Natural gas-directed drilling in the U.S. was negatively impacted
by the continued weakness in North America natural gas prices which discouraged new investment in natural gas
fields. In Canada, the increase in natural gas-directed rigs was driven by drilling in condensate rich zones in Alberta
to service the oil sands drilling activity. Overall, Canada rig counts increased 7% in 2014 compared to 2013.
Outside North America, the rig count increased 3% in 2014 compared to 2013. The rig count in Latin America
decreased 5% as a result of reduced rig activity in Brazil and Mexico, partially offset by an increase in activity in the
emerging unconventional plays in Argentina. The North Sea rig count decreased by 5%, primarily due to a decline
in the rig activity in Norway. The rig count in Continental Europe increased by 13% with higher activity in Turkey
and Romania. In Africa, the rig count increased 7% primarily due to higher activity in Kenya, Angola, and Chad.
The rig count increased 9% in the Middle East due to higher activity in Saudi Arabia, Oman and Kuwait, slightly
offset by a reduction in Iraq due to political unrest. The rig count in Asia Pacific increased 3% due to increased
activity in offshore China, partially offset by activity reduction in Indonesia, Malaysia and New Zealand.
2013 Compared to 2012
The rig count in North America decreased 7% in 2013 compared to 2012 primarily driven by a 23% decline in
natural gas-directed rigs. The oil-directed rig count declined 1%. The natural gas-directed rig count reflected a 31%
decrease in the U.S. offset by an 18% increase in Canada. The oil-directed rig count increased 1% in the U.S., but
decreased by 11% in Canada. Natural gas-directed drilling in the U.S. was negatively impacted by the continued
weakness in North America natural gas prices which discouraged new investment in natural gas fields. In Canada,
the increase in natural gas-directed rigs was driven by drilling in condensate rich zones in Alberta to service the oil
sands drilling activity. In Canada, many operators curtailed their oil-directed drilling plans in the second half of 2013
due to high oil price differentials as compared to WTI and wet weather in southern Alberta and Saskatchewan.
Overall, Canada rig counts decreased 3% in 2013 compared to 2012.
Outside North America, the rig count increased 5% in 2013 compared to 2012. The rig count in Latin America
was relatively flat as increased rig activity in Argentina and Ecuador was offset by reductions in Brazil and
Colombia. The rig count in Continental Europe increased by 18% with higher activity in Turkey, the Balkans, and
Sakhalin. The North Sea rig count increased by 5%, primarily due to increased activity in Norway. In Africa, the rig
count increased primarily due to the resumption of drilling activities in Libya, as well as higher activity in Algeria and