Russian oil producers accelerated the drilling of production wells in the first half of this year despite the Western sanctions and Moscow’s pledge to reduce output by the end of the year and cut exports in August, data seen by Bloomberg showed on Monday. Russian exploration and production companies drilled more overall length of production wells in the first half of 2023 than in the same period last year and than the drilling target, the data showed.
The total length of newly drilled wells rose by 8.6% year over year between January and…Russia On Course To Drill Record Number Of Oil Wells Despite Sanctions And Cuts
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