OPEC Well Completions Dip In 2021 ...Middle East

OILPRICE - Economy
OPEC Well Completions Dip In 2021
source : OILPRICE ( Middle East ) () 8
The number of completed wells at OPEC producers dipped by 280 compared to 2020 and stood at 1,588 wells completed in 2021. This was the lowest number of well completions since at least 2017. All major producers, including Saudi Arabia, Iraq, the United Arab Emirates (UAE), and Kuwait, saw the number of completed wells drop last year. Well completions rose in Venezuela and Libya, two producers exempted from the OPEC+ production cuts. While well completions at OPEC producers fell in 2021, the number of total world well completions rose last year…

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