Russian oilfield service companies' revenue in 2022 reaches record level since 2018

04.06.2023       

2022 Russian oilfield service companies’ revenue reached a record high since at least 2018 (latest available data) and amounted to RUB 1.79 trillion. This is stated in the review of Kasatkin Consulting (ex-Deloitte team in Russia), which was reviewed by Vedomosti.

According to analysts, last year the maximum earnings were able to get companies in all segments of the oilfield services market. 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 – by 6.8% to 7866.