*Latest figures from Baker Hughes show Gulf drilling activity falling further from what were already multi-year lows (MEES, 11 September). For GCC countries the overall November total of 205 was the lowest since March 2011.
*Saudi Arabia had just 60 active drilling rigs the lowest figure since January 2011 with the number of oil rigs (31) also at a 10-year low (see chart 1). The kingdom’s November onshore rig count of 54 was the lowest since 2011, whilst the offshore total of just six rigs was the lowest since May 2007. (CONTINUED - 211 WORDS)
