While most Canadian oil and gas producers remain intent on maintaining output, oil services companies are signaling a downturn next year. The Canadian Association of Oilwell Drilling Contractors (CAODC) expects a 10% decline in drilling activity in 2015 compared to this year, based on a West Texas Intermediate price of US$85. “If we have additional erosion…
Canadian drilling activity to decline 10% in 2015: industry body
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