Number of oil and gas rigs by world region April 2022

North America hosts the most oil and gas rigs worldwide. As of April 2022, there were 779 land rigs in that region, with a further 15 rigs located offshore. These numbers are lower than in previous years, although sanctions on Russian exports have slowly led to greater exploration activity in North America. The average number of global oil rigs has net declined since 2014.

Offshore rigs and their utilization

Oil platforms or rigs are structures that do any of the following: drill oil and gas wells, extract and process oil and gas, or store oil and gas for short periods of time. The various rig types include jackups, semi-submersibles, and drill ships. Offshore oil platforms also often house the crew that works on them. The greatest number of offshore rigs are found in the Asia Pacific region, although the offshore rig utilization rate is the lowest of all regions. Only around 75 percent of the marketed rig fleet in Southeast Asia was regularly contracted.

Switzerland based Transocean Ltd is the world's top offshore drilling contractor bases on revenue within the energy equipment and services sector.