Where are the world’s oil rigs?
In September, Royal Dutch Shell announced it had abandoned Arctic explorations. The Anglo-Dutch company said the oil and gas it found in the Burger J well off the coast of Alaska was “not sufficient to warrant further exploration”.
The low price of oil is putting pressure on fossil fuel companies such as Shell to drop many of their speculative operations. While environmental groups like Greenpeace called the move a “defining day for the Arctic”, many remain cautious that low oil prices will encourage the further use of fossil fuels in general.
Today, there are 1,470 offshore oil rigs around the world. The chart below, based on data from Statista, shows where they are located, as of May 2015.
Seven regions have more than 100 oil rigs, which can be broadly divided into four areas.
In the Americas, alongside the chart-topping Gulf of Mexico (213 rigs), the waters around Mexico and Brazil have 113 and 104 rigs deployed, respectively.
In Europe, the North Sea has a high density of offshore oil extraction, with 184 rigs shared between the United Kingdom, Germany, Denmark and Norway.
Far East and South-East Asian fields take the third and fourth spots, with 173 and 163 rigs each. The Persian Gulf has the highest density of all, serving the Gulf States and Iran with 145 rigs.
Have you read?
What drives oil prices?
3 reasons for the oil price drop
Where does America’s oil come from?
To keep up with the Agenda subscribe to our weekly newsletter.
Author: Sebastian Brixey-Williams is a Digital Content Producer at Formative Content.
Image: An aerial view of the Oseberg oil platform in the Norwegian sea. REUTERS/Helge Hansen
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
Oil and Gas
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.