After ‘very disappointing’ 2019, Canada’s oil and gas drilling forecast sinks even lower | CBC News
Oil and gas
drilling activity in Canada will continue to be dragged down by a sense
of uncertainty in the oilpatch after a federal election that had an
“unrelenting focus on climate action,” according to the head of the
Petroleum Services Association of Canada (PSAC).
drilling activity in Canada will continue to be dragged down by a sense
of uncertainty in the oilpatch after a federal election that had an
“unrelenting focus on climate action,” according to the head of the
Petroleum Services Association of Canada (PSAC).
The
Calgary-based industry group released its 2020 Canadian Oilfield
Services Activity Forecast on Thursday, predicting that 4,500 wells will
be drilled in Canada in 2020. That’s 500 fewer than PSAC’s final
revised forecast for 2019.