Canadian drilling activity to rise 5% in 2018
Oil and gas drilling in Canada will increase by 5% in 2018, in line with a gradual rise in crude prices.
1 November 2017
0
28208
Oil and gas drilling in Canada will increase by 5% in 2018, in line with a gradual rise in crude prices, the Petroleum Services Association of Canada (PSAC) has said in the third update to its Canadian Drilling Activity Forecast, published on Tuesday.
The Alberta-based association predicts oil and gas companies will drill 7,900 wells in 2018, up from 7,550 in 2017, with the largest increase forecast for Canada’s biggest crude oil- and gas-producing province of Alberta.
The 2018 drilling estimate is nearly 30% below levels see...
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.
Sign inNot a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.
Sign up
