(Calgary) Canada’s oil and gas drilling sector expects modest growth in 2024.
The Canadian Association of Energy Contractors (CAOEC) expects 6,229 wells to be drilled in Western Canada next year.
This is an 8.3% increase from the 5,748 wells drilled in 2023.
The industry group says most of this growth is expected to occur in the second half of 2024, as the market rebounds from a weaker third quarter in 2023.
CAOEC estimates that the drilling sector will need more than 39,000 workers this year.
He adds that it has been difficult to find experienced workers and that the industry is marketing to potential workers across the country, including in central and eastern Canada.
