Baker Hughes' international rig count report indicates that the number of offshore rigs lost its forward momentum
in April 2023 and fell down by 1 unit, compared to the month before. However, the total number of international
rigs was on the rise, climbing to 947 from 930 units in March 2023.

After the number of international offshore rigs increased by 6 units in March 2023, Baker Hughes disclosed last
week, that the number of these units decreased by 1 in April 2023. In addition, offshore rigs were up by 36 units
on a year-over-year basis last month while they were up 34 rigs year-over-year in March 2023.

Furthermore, the firm highlights that the total number of active international drilling rigs – including onshore and
offshore ones – jumped by 17 units last month, climbing to 947, which is higher by 141 rigs than last year's count
of 806 with land rigs surging up by 105 units and offshore rigs going up by 36 units.

Compared to the figures from the previous month, land rigs went up by 18 units to 720 in April 2023 while
offshore rigs dropped down by 1 unit to 227.

Moreover, the average U.S. rig count for April was 752 units, down 1 rig from last month's count of 753 and up 62
units on a year-over-year basis while the average U.S. rig count for March 2023 was up 92 units year-over-year.

On the other hand, the average Canada rig count for April was 109 units, down 87 rigs from last month's count of
196 rigs and up 2 units year-over-year, compared to the average Canada rig count for March 2023, which was up
11 units year-over-year.

Meanwhile, the worldwide rig count for April was 1,808 units, down 71 rigs from 1,879 units counted in March
2023, and up 205 units, from 1,603 rigs counted in April 2022.