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According to a report from Petroleum Today on September 20, 2021, Rystad Energy, a well-known Norwegian energy research and business intelligence company headquartered in Oslo, stated that global drilling activities are expected to rebound from a difficult 2020 , This year there will be nearly 58,000 wells in the world ready, and it is expected that more than 600,000 new wells will be drilled globally by 2030
Rystad Energy said: "After the epidemic and the plunge in oil prices caused the global oil service market to slow down, this 15% growth has given a sigh of relief to the global oil service market
The conventional well market is expected to remain the main driver of the drilling market
Due to the steady recovery of the entire oil and gas industry, the revenue of oil service companies is also slowly catching up.