Oilfield Services Companies Received Record Revenue in Russia in 2022
The revenue of oilfield services companies in Russia in 2022 reached a record level since at least 2018 (latest available data) and amounted to 1.79 trillion rubles. This is stated in the review of Kasatkin Consulting (ex-Deloitte team in Russia), which Vedomosti got acquainted with.
According to analysts, last year companies in all segments of the oilfield services market were able to get the maximum earnings. For example, the volume of the drilling market in 2022 grew by 15.6% to RUB 609 billion. Drilling footage increased by 8.4% to 28.4 million m, the number of new wells increased by 6.8% to 7866.
