Using rig counts as an indicator can be misleading.
I'm a bit more concerned about the pressure on the Saudis to increase production. There's a limit to the rate at which you can pump before you do damage to the structures.
If what you are implying is that the existing fields have had their proven reserves overstated, I don't think that that is any longer subject to dispute.
There are some newly defined structures that have the rigs out doing exploratory work that makes sense.